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IFRS vs local GAAP standards in the Nordics and Benelux: a comparison
Multinational companies rarely face a simple landscape when it comes to financial reporting. While IFRS is the global...
DK-GAAP: Danish Generally Accepted Accounting Principles
Some of our clients are obliged to use a local taxonomy in addition to the ESEF taxonomy. Danish companies are using both ESEF and DK-GAAP. Vicosight enables tagging in accordance with these two taxonomies.
How Vicosight supports your DK-GAAP reporting and compliance needs
DK-GAAP stands for Danish Generally Accepted Accounting Principles. DK-GAAP is based on the International Financial Reporting Standards (IFRS) but also takes into account local regulations, customs, and practices. With the Vicosight integrated XBRL Tagger, you can easily tag, review, and validate your report using all up-to-date taxonomies for DK-GAAP, ensuring full compliance with electronic reporting regulations while preserving your annual or sustainability report design
Reporting formats in Denmark
The IFRS DK XBRL taxonomy framework reflects information requirements for mandatory filings submitted by registered entities to Erhvervsstyrelsen, the Danish Business Authority, as well as to other cooperating agencies, institutions, and authorities in Denmark. When preparing the XBRL report, Danish clients choose one Primary Taxonomy and one or more Additional Taxonomies.
Whether you are producing a financial, sustainability, or combined report, we ensure your reports meet the latest technical and regulatory requirements.
ESEF
KVK
UKSEF
DK-GAAP
ESRS (CSRD)
ARTICLE 8
ISSB
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Spotlight on Danish accounting: What is Danish GAAP and how does it relate to IFRS?
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