|
BAS (accounting)
The Swedish BAS chart of accounts (Basic chart), represents the Swedish accounting generally accepted accounting principles (GAAP) and is an open to use chart of accounts for accounting in Sweden available in Swedish, English and German language texts. Very similar chart of accounts are commonly used in neighbouring countries and applicable internationally. It was developed by the Swedish industry in the 1960s and is today owned by its own foundation. The BAS chart was reformed in the late 1990s to adapt the IFRS chart layout directives and is known then as BAS2000, but today in general as just the BAS chart. A nested group of organisations with BAS in the center is forming a common Swedish GAAP and common routines in accounting and domestic reporting standards. Commonly used in Sweden There are no Swedish legal restrictions in charts of accounts, however most parts of the society are commonly and voluntarily using the BAS services and charts. The SIE (file format) developed wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generally Accepted Accounting Principles
Publicly traded companies typically are subject to rigorous standards. Small and midsized businesses often follow more simplified standards, plus any specific disclosures required by their specific lenders and shareholders. Some firms operate on the cash method of accounting which can often be simple and straight forward. Larger firms most often operate on an accrual basis. Accrual basis is one of the fundamental accounting assumptions and if it is followed by the company while preparing the Financial statements then no further disclosure is required. Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures are required. Some important elements that accounting standards cover include: identifying the exact entity which is reporting, discussing any "going concern" questions, specifying monetary units, and reporting time frames. Limitations The notable limitations of accounting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the fifth-largest country in Europe. The capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including some of the largest in Europe. Many long rivers run from the Scandes range through the landscape, primarily ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IFRS
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries. They are particularly relevant for companies with shares or securities listed on a public stock exchange. IFRS have replaced many different national accounting standards around the world but have not replaced the separate accounting standards in the United States where U.S. GAAP is applied. History The International Accounting Standards Committee (IASC) was established in June 1973 by accountancy bodies representing ten countries. It devised and published International Accounting Standards (IAS), interpretations and a conceptual framework. These were looked to by many national accounting standard-setter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SIE (file Format)
The SIE format is an open standard for transferring accounting data between different software produced by different software suppliers. SIE could be used to transfer data between software on the same computer, but also used for sending data between companies, for example between the company, the accountant and the audit. It can also be used for transferring from trade pre-systems like payables, receivables and salary systems to accounting as well as from accounting to tax administrative special applications. File format SIE is a tagged text file format, not XML like XBRL GL and UN/CEFACT accounting. Elder not able to use new XML technology, but about 20 times compacter file format. The SIE files are in five sections: * General information * Used chart of accounts declaration * Used dimension/object (identifiers) of accounting declaration (making object related accounting analyse possible from SIE data) * Balances of accounts (of this, last and possibly more previous years, for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Companies Registration Office
Swedish Companies Registration Office ( sv, Bolagsverket), is a Swedish government agency which mainly handles the registration of new companies and registry changes for existing businesses, such as change of address and change of board of directors and auditors. The Agency receives financial statements and records of chattel mortgages and liquidations. The agency also provides corporate information (registers information about Swedish companies and associations) and is appointed by the Government to be the development agency for e-government in the area of business and enterprise. The Swedish Companies Registration Office was formed in 2004. Its headquarters is located in Sundsvall Sundsvall () is a city and the seat of Sundsvall Municipality in Västernorrland County, Sweden. It has a population of 58,807 as of 2020; more than 95,000 live in the municipal area. It is Sweden's 21st largest city by population. History Th ..., where it employs about 500 employees. It is ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
XBRL
XBRL (eXtensible Business Reporting Language) is a freely available and global framework for exchanging business information. XBRL allows the expression of Semantics#Computer science, semantic meaning commonly required in business reporting. The language is XML-based and uses the XML syntax and related XML technologies such as XML Schema (W3C), XML Schema, XLink, XPath, and XML namespace, Namespaces. One use of XBRL is to define and exchange financial information, such as a financial statement. The XBRL Specification is developed and published by XBRL International, Inc. (XII). XBRL is a standards-based way to communicate and exchange business information between business systems. These communications are defined by metadata set out in Taxonomy (general), taxonomies, which capture the definition of individual Business reporting, reporting concepts as well as the relationships between concepts and other semantic meaning. Information being communicated or exchanged is provided wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish National Financial Management Authority
The Swedish National Financial Management Authority ( sv, Ekonomistyrningsverket) is a central administrative government agency in Sweden responsible for economic financial management, analyses and economic forecasting for central government agencies. The entity operates under the Ministry of Finance. The agency consists of seven departments: * Performance and Financial Management * Effective Administrative Support * Accounting Principles and Internal Auditing * Central Government Accounting * Analysis and Forecasts * Coordination of IT System Hermes * Audit of EU structural funds Purpose The main purpose of the agency is to economically organize government spending and obtain savings. Operational concept The agency's financial management is committed to ensuring: * Effective controls in central government finances * Resource allocation in accordance with political priorities * High levels of productivity and efficiency * Being government's expert in performance and financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederation Of Swedish Enterprise
The Confederation of Swedish Enterprise or Swedish Enterprise ( sv, Svenskt Näringsliv) is a major employers' organization for private sector and business sector companies in Sweden. It has 49 member associations representing 60,000 member companies with more than 1.6 million employees. History The current organisation is the result of a merger between the Swedish Employers Association ( sv, Svenska Arbetsgivareföreningen, abbreviated SAF) and the Swedish National Federation of Industry ( sv, Sveriges Industriförbund) that was completed in March 2001. Policy Like its predecessors, the organisation is actively lobbying for pro-business interests. Tax cuts, especially the abolition of property and inheritance taxes, is a main priority. The organisation also promotes letting private enterprises take over the production of a larger part of services today mainly performed by the Swedish public sector, such as education and health services. The Confederation of Swedish Enterprise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Church Of Sweden
The Church of Sweden ( sv, Svenska kyrkan) is an Evangelical Lutheran national church in Sweden. A former state church, headquartered in Uppsala, with around 5.6 million members at year end 2021, it is the largest Christian denomination in Sweden, the largest Lutheran denomination in Europe and the third-largest in the world, after the Ethiopian Evangelical Church Mekane Yesus and the Evangelical Lutheran Church in Tanzania. A member of the Porvoo Communion, the church professes Lutheranism. It is composed of thirteen dioceses, divided into parishes. It is an open national church which, working with a democratic organisation and through the ministry of the church, covers the whole nation. The Primate of the Church of Sweden, as well as the Metropolitan of all Sweden, is the Archbishop of Uppsala. Today, the Church of Sweden is an Evangelical Lutheran church. It is liturgically and theologically "high church", having retained priests, vestments, and the Mass during the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Swedish Farmers
The Federation of Swedish Farmers (''Lantbrukarnas Riksförbund'', LRF) is an organisation for Swedish farmers. LRF has about 170 000 individual members, which represent about 90 000 agricultural enterprises, and the membership also includes most Swedish cooperatives in the agricultural and forestry sector. LRF conducts business through seven subsidiaries, with 2 000 employees and a combined turnover of 2 billion Swedish krona: , accessed 2013-08-09 * LRF Konsult, providing consultancy services for small- and medium-sized enterprises, including in accounting, tax and legal matters. LRF Konuslt has 1 300 employees in 125 locations in Sweden. * Swedish Quality Seal, Sigill Kvalitetssystem, which is an environmental and product quality certification programme. * LRF Samköp, a purchasing organisation for goods and services used by far ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Tax Agency
The Swedish Tax Agency ( sv, Skatteverket) is a government agency in Sweden responsible for national tax collection and administering the population registration. The agency was formed on 1 January 2004 through the merger of the Swedish National Tax Board (''Riksskatteverket'') and the then 10 existing regional tax authorities (''skattemyndigheter''). The Swedish Tax Agency (and prior to that, the Swedish National Tax Board) was also formerly the parent agency of the Swedish Enforcement Administration (''Kronofogdemyndigheten''). Since 1 July 2008, the Swedish Enforcement Administration is an independent agency but with close administrative ties to the Swedish Tax Agency. The agency has local offices in over a hundred cities across Sweden, with the headquarters located in Solna, Stockholm County. See also * Taxation * Taxation in Sweden * Swedish Taxpayers' Association * Population registration in Sweden * Swedish F-tax certificate * Skatterättsnämnden Skatterättsnämn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
