Den nye bogføringslov: Betydning for erhvervslivet

Abstract

The purpose of this thesis is to provide a thorough analysis of the recently enacted bookkeeping legislation which aims to address the challenges faced by small and big companies in Denmark, ac-counting professionals and regulatory authorities. We will find out whether the new bookkeeping law is expected to have a positive or a negative effect on the current bookkeeping procedures for companies in Denmark.
This new law introduces significant changes to the existing bookkeeping practices, affecting various aspects such as bookkeeping, financial reporting, bookkeeping procedures, and digitalization.
The Danish government loses a lot of money on financial frauds, which is why they made changes to the bookkeeping law which aims to help reduce regulatory authorities to catch financial fraud at companies. The Danish state expects that companies will save a lot of time on administrative work by the fact that the new Bookkeeping law supports the digital automation processes of the future and that all receipts need to be saved online.
At the beginning of our thesis, we will address the most important legislation bookkeeping laws. In addition to this, we will explain the considerations that the Minister of Business and Industry Simon Kollerup has had during the preparation of this law. To get a better overview of the general opinions and attitudes of the various companies towards the new law, we have prepared a questionnaire for random companies. To gain a better understanding of the answers from the questionnaire, we have conducted some interviews with relevant professionals and obtained relevant articles.
The challenges that are expected when implementing this legislation include, that the companies have to use an approved bookkeeping system, which entails an additional cost, in addition there are companies that deliberately try to avoid implementing the law, as this will lead to the discovery of fraud in the bookkeeping. There will be companies who is forced to use a bookkeeping program with a standard chart of accounts, which presents challenges as many companies use an adapted and tailored chart of accounts. Here, the transition is particularly challenged.