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Accounting for Corona support measures according to German GAAP



Covid-19 not just endanger our health, it also has significant economic implications worldwide. Governments around the world implemented various support measures to counteract the economic crisis triggered by the pandemic and to support all the entities affected.

The financial support ranges from forgivable loans to immediate grants. For companies, the question arises when and how these government assistance programs should be accounted for in the financial statements. German parent companies require their internationally operating subsidiaries to address the accounting treatment of the Government assistance in a reporting package based upon German accounting principles and used for HGB consolidated financial statements. Find out more »


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