Hvordan vil den nye årsregnslov påvirke informations- og nytteværdien af årsrapporterne fra de små virksomheder i Danmark

Lauridsen Hasse

Student thesis: Master thesis


The main purpose with this Master’s Thesis is to determent what influence the new Danish Financial Statements Act will have on the value for use of Danish Small and Mid-size entities financial reporting. The Danish Financial Statements Act has recently gone through the biggest make-over since 2001, and the changes are mostly based on the Danish government goal to reduce administrative burdens for the companies in Denmark, and partly based on requirements from EU. My thesis has a theoretical approach where I have made a general review of the basic theory in financial reporting according to rules in the Danish Financial Statements Act. My thesis will deal with a large part of the changes in the category called “Regnskabsklasse B”, in the Danish Financial Statements Act, and will therefore, not be dealing with all the changes for all the categories. My analysis will both shed light on the current situation of the entities in the selected category, and build upon the opinions from organizations of interest, plus the most important stakeholders to a financial report in this category, the banks. I will in my analysis look at how the stakeholders experience the value of use of the information in the financial reports with the changes in the new act in mind. Leading up to my analysis of the value of use, and to see if there are, in fact, talk about realistic reductions of the administrative burdens or not, I will, in connection with this, challenge the assumptions that the administrative burdens are measures on. Based on my studies, it seems that, what on paper could be reduction of administrative burdens for the companies in Denmark, will not have the desired effect in reality. In a broad perspective, all the stakeholders agree that, it is necessary to reduce administrative burdens for the Danish companies, but the current initiatives in the new act to achieve this, will have no or very small effect. The fear among the stakeholders, are that, the value of use of the information in future financial reports, will be of lower quality, resulting in reduced insight and higher risk for stakeholders when cooperating or investing in a company. There is also a fear that stakeholders will have to acquire more information from other sources or in another format, information that before was supplied in the financial report within a broadly accepted framework. This resulting in diversity of the information the different stakeholders receive and thus 7 different grounds to make decisions on. When it comes to the main stakeholders of this thesis, the banks, they are also concerned about the political path that has been set for the companies in this category. On one hand the politicians are reducing the requirements for the companies, while on the other hand, tightening the regulation of the banks requirement of documentation. Conclusively, in spite of using time on trying to reduce administrative burdens for the companies in Denmark, it seems the initiatives will have no or very little effect, and only risk adding more complexity and lack of transparency to financial reporting in general. The fear is that it likely will end up costing both the Danish companies and stakeholders more, than reducing the burdens, and make the cooperation with stakeholders more challenging.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2015
Number of pages132