Sweden

Rolf Rundfelt

Chapter Chapter 26 in Transnational Accounting, 1995, pp 2371-2442 from Palgrave Macmillan

Abstract: Abstract In terms of accounting tradition Nobes (1993, p. 30) divides countries into two basic categories. Sweden falls into the Continental, as opposed to the so-called Anglo-Saxon, group. Continental accounting regimes are characterized as having the following general features: Legalism. Credit orientation. Secrecy. Tax domination. Form over substance. Government rules. A superficial look at Swedish accounting regulation may give the impression that Sweden is, indeed, a country strongly influenced by the continental European tradition. Actual practice, at least among the major listed companies, reveals a picture that is much more mixed. This is manifest in the fact that several Swedish companies have received prizes for their annual reports from financial analysts and others. The intention of major companies to provide their shareholders with relevant information within the constraints of a Continental legalistic system makes the development of Swedish accounting an interesting study.

Keywords: Balance Sheet; Account Standard; Income Statement; Fixed Asset; Royal Commission (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13233-1_26

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DOI: 10.1007/978-1-349-13233-1_26

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