Konsekvenser ved indførsel af den nye årsregnskabslov: for årsrapportens bestanddele og regnskabsbrugerne

Pia Hansen

Student thesis: Master thesis


The Statement Act is a tool witch help the Danish companies in connection with preparing their annual report. This report has existed since 1983. In May 2015 there were more than 180 changes, which mean that The Statement Act is standing for one of the biggest changes since its start. The reason is because we need a better adaptation to the International Financial Reporting Standards. The changes are to help the Danish business administrative. And there is put a great deal of weight on a better future for making a business. The big question is if there is a real relaxation for the businesses and what reasons it will get for their annual reports in future and will it get any consequence for the users. One of the important changes is that the accounting classes are changed compare to the size limit for the small business. The changes of size limits means that in the future a lot of businesses will be graded in class B rather than class C. The accounting requirements are smaller in class B and the business can therefore chose declaration “expanded review”. The banks don’t like that. They predict that in the future much information will be missing when they have to make a credit rating. This consequence is that many businesses will get a now in the future, ore they have to pay a higher interest rate. Analyzes with are made of DAMVAD, CBS and PWC concludes that the annual report is the most important source if you ask the users. They need all the information they can get through their annual report. The businesses use each others´ reports to avoided bad paying customers and also to look into their competitors. A lot of the business who have been to the Danish Business enquire said that fewer information’s in their reports will cause uncertainty for their business. In the same inquiry said 43% of 537 asked that a annual report without auditor´s report will weaken there trust to their business partners and also to their accountant. Experts such as FSR, Danish Business, and Bankers are all skeptical for the new financial statement. They think it will harm the understanding and that all the business users will get the administrative burden. Both the growth minister and FSR predict that the business that needs to use the financial Information will not use the relaxation options which they have today. Therefore you don’t know why they make such changes as only a few businesses will use. The new financial statement is made to save around 300 mill. Dkk. each year. The real number is 800 mill. Dkk., but the government know that not all use the relaxation, therefore the amount isn´t so high. The experts disagree that the saving will be that number, but they didn´t have any other bid. The accountants who have been interviewed regarding this thesis, states a possible consequence that the businesses that are making their own accounts, also will make the report themselves. This Means that in the future the society will have to deal with mistakes because the business owners don’t have the necessary expertise. There are adopted a lot of changes but it’s not all which are predicted to have big consequences, why conclusion of the thesis also shows signs of this. It´s the two above changes that fills most. What will the real consequences be when the law steps in on the 1. January 2016, it´s difficult to predict 100%. if the government is right in a saving per year about 300 mill. Dkk. The time must show. The experts have made their afford as well, and the time must also here show it they are right.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2015
Number of pages103