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On 3 December 2024, the Expert Committee on Corporate Reporting (FAB) of the Institute of Public Auditors in Germany (IDW) adopted the draft of a new version of the IDW Statement on Accounting for Investments in Commercial Partnerships in Annual Financial Statements under German Commercial Law (IDW ERS HFA 18) and published it on the IDW website.

The amendments and additions required by the MoPeG and the KöMoG are taken into account in the draft. In addition, a revision of the explanations on the accounting treatment of asset distributions (including so-called liquidity distributions) of the commercial partnership at shareholder level is planned.

The regulations on the initial valuation of participations in commercial partnerships are also to be supplemented by a description of the treatment of non-cash contributions made by the shareholder to the partnership. Finally, further aspects are to be clarified.

The FAB recommends applying the draft of the new version of the pronouncement.

The IDW is requesting suggestions for amendments and additions to the draft by 31 May 2025.

You can download the draft here

KPMG Express Accounting News

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