IFRSs versus NL Gaap

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IFRSs versus NL Gaap

Highlighting the key differences

The objective of this publication is to provide a summary of key differences between the requirements of IFRSs compared to NL GAAP.

Our analysis shows that there are many differences between IFRSs and NL GAAP. We expect that the number of differences will increase in the future. The International Accounting Standards Board (IASB) has published IFRS 16 ‘Leases’, 15 ‘Revenue from Contracts with Customers’ and a completed IFRS 9 ‘Financial Instruments’ previous year. The IASB is also working on other projects (e.g. insurance contracts, macro hedge accounting) which could lead to major changes to current IFRSs. However, NL GAAP has evolved into a more stable platform. Furthermore, the Dutch Accounting Standards Board (DASB) has not yet decided if the new provisions of IFRS 9, IFRS 15 and IFRS 16 will be implemented in DASs.

The goal of this publication is to provide you with a clear and practical oversight of the key differences between IFRSs and NL GAAP and the developments herein. Therefore, we publish this comparison on a yearly basis.

Check the publication IFRSs versus NL Gaap for more information on the key differences between IFRS and NL Gaap.

IFRSs versus NL Gaap

More information on IFRS?

Do you want to know more on IFRS? Please contact Ralph ter Hoeven at +31 (0)88 288 1080.

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