The edition 2023 contains the latest version of the Swiss GAAP FER accounting standards, including the new Swiss GAAP FER 28 «Government grants» as well as the completely revised Swiss GAAP FER 30 «Consolidated financial statements» (both with an effective date of 1 January 2024).

Contents

The Swiss GAAP FER are based on a modular concept consisting of the following four elements:

• the Framework
• the core FER
• further Swiss GAAP FER standards, and
• Swiss GAAP FER 30 for groups and Swiss GAAP FER 31 for listed entities.

Description

The Swiss GAAP FER accounting standards are published by the Foundation for Accounting and Reporting Recommendations. The Swiss GAAP FER are a set of Swiss accounting standards (called «Recommendations») which aim at providing a true & fair view of the financial position, the results of operation and the cash flows of an entity.

Changes in the 2023 edition

The booklet issued per 1 January 2023 includes the following changes:

• Removal of Swiss GAAP FER 14 «Consolidated financial statements of insurance entities» as this Recommendation was withdrawn per 31 December 2020.
• Addition of the new Recommendation Swiss GAAP FER 28 «Government grants» (effective date: 1 January 2024).
• Swiss GAAP FER 30 «Consolidated financial statements» was revised (effective date: 1 January 2024).
• Corrections of various smaller errors and inconsistencies (without any material impact).

Further information is available at https://www.fer.ch/en.

Target audience

The Swiss GAAP FER are tailored to the needs of small and medium-sized entities as well as groups with a national reach. Non-profit organisations (NPOs), pension funds and insurance companies are provided with industry-specific guidelines to ensure meaningful and high-quality financial reporting.

The Swiss GAAP FER accounting standards are published in German, French, English and Italian and are available as a bundle (hard copy and e-book) or as an e-book only.