Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
On 20 June 2024, the IDW’s Committee for Financial Reporting (FAB) adopted the draft of a new version of the IDW pronouncement on HGB accounting for commercial partnerships. The final version is intended to replace the existing IDW RS HFA 7 n.F. (as of 30 November 2017).
The draft takes into account changes to the corporate legislation resulting from the MoPeG and the KöMoG. This includes, among other things, the accounting treatment of severance payments to departing partners in special cases. It also contains additions, amendments and clarifications, in particular regarding the group accounting obligation for the so-called single entity and the definition of equity.
IDW RS FAB 7 is to be applied for the first time for financial years beginning after 31 December 2024; early application is recommended.
Proposals for amendments or additions can be submitted until 30 September 2024.
KPMG Express Accounting News
Connect with us
- Find office locations kpmg.findOfficeLocations
- kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia
Stay up to date with what matters to you
Gain access to personalized content based on your interests by signing up today