Description

Swiss GAAP FER 3 “Presentation and format” regulates the minimum format of the balance sheet, the income statement and the statement of changes in equity. Assets must be specifically mentioned and separately disclosed in the balance sheet in terms of current and non-current. Liabilities are subdivided in current liabilities, non-current (long-term) liabilities and equity. The income statement can be presented according to the period-based costing method or the activity-based costing method.