Accounting in Sweden

Overview by

Accounting System

Accounting Standards
Swedish accounting standards conform to IAS standards. 
Accounting Regulation Bodies
BFN, Bokföringsnämnden, Swedish Accounting Standards Board
Accounting Law
Three laws define accounting rules in the country:
- the 1976 accountancy law;
- the 1995 financial statements law, which brings accounting legislation into alignment with the 4th European Directive (Annual Accounts Act) ;
- the 1999 annual reports law (Book-keeping Act).
Difference Between National and International Standards (IAS/IFRS)
Swedish standards are close to IAS/IFRS standards. For further information, consult the IAS PLUS website.
Accounting News
International Accounting news
EIN Northern Europe Accounting News

Accounting Practices

Tax Year
Four tax years are possible: from 1 January to 31 December; from 1 May to 30 April; from 1 July to 30 June or from 1 September to 31 August.
Accounting Reports
The annual reporting must contain a profit and loss account, a balance sheet, notes and an annual report. Large companies and companies listed on the stock exchange must also provide a statement of source and application of funds.
Swedish accounting mostly conforms to the principles set out in the texts of the 4th Directive. However, some national particularities remain; some of them are allowed by the 4th Directive:
- the presentation of certain items (subscribed capital not paid up, equalization accounts, set-up costs, intangible assets, footnotes) corresponds to the specifics of the country
- it is the same for the distinction between distributable and non-distributable equity capital, and the separation into three parts of operating activities: production, distribution and administration.
On the other hand, some of them are not, as for example:
- un-taxed reserves
- depreciation allowances and appropriations to the reserve
- elements affecting accounting
- exceptional operations.
Publication Requirements
All joint-stock companies have to send a copy of their annual report to the legal authorities of the country.

Accountancy Profession

The accountant is responsible for the legal obligations of the company as regards accounting.
The chartered accountant certifies company accounts.
Professional Accountancy Bodies
Foreningen Auktoriserade Revisorer, Institute for the accountancy profession in Sweden.
Bokforingsnamanden, Swedish Accounting Standards Board (in English)
Svenska Revisorsamfundet, Swedish Association of Auditors (in English)
Member of the International Federation of Accountants (IFAC)
Sweden is a member of IFAC.
Member of Other Federation of Accountants
Member of IFAD.
Audit Bodies
Companies have to seek a statutory auditor to conduct an annual audit of the financial health of their organization. You can contact the FAR SRS (professional institute for authorized public accountants and approved public accountants).

Any Comments About This Content? Report It to Us.

Read more See less

No content has been posted to this folder yet.
Be the first to feature your expertise related to Accounting in Sweden!

  • Post any content you may have that features your expertise, such as a text article with business tips, presentation, market report, etc
  • By sharing your knowledge you gain more visibility for your profile not only on but across the web

Post your content now by simply clicking on the button below.

Check these folders already populated with content posted by other users:

Click here to find out more about key benefits and instructions for contributing to the site.


Post any content you may have that features your expertise and offers valuable information to the international trade community.

The more informative content you post the more visible your will be, as your valuable content will link directly to your profile.

Check these sample pages for illustration: