Local GAAP is mandatory for all companies classified as large. This includes companies that have:
Once two of these criteria have been fulfilled two years in row, companies are considered to be large in the third year.
Local GAAP is fundamentally based on IFRS for small and medium-sized companies, but is simplified compared to IFRS, which listed companies must follow. Most areas are very similar and have very small differences compared to IFRS, but in leasing, there are differences.
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With only a few quick clicks, Leasify’s service can provide you with a basis for your accounting.
All necessary information for FRS 100 can be used in a smarter and significantly more modern and dynamic way – profitably and effectively.
Leasify’s service has been developed in collaboration with several of our 1,900 customers and through workshops with large auditing firms on the Swedish and global markets.
Want to learn more about how Leasify can help you with FRS 100 reports? Book a demo or contact us.
All it takes is 15 minutes for us to show you how easily Leasify can help your company gain control over your IFRS 16 reports. Complete the form with your desired time, and we will reply with a meeting invitation. The meeting takes place online through Microsoft Teams or the video service you prefer.
If you do not wish to book a demo, you can still use the form and ignore the date and time selection.