IDW BFA publishes technical note

On 30 November 2022, the Banking Committee (BFA) of the IDW, taking into account the development of the economic environment, adopted a technical note with selected questions on accounting and reporting in accordance with the German Commercial Code (HGB) at the reporting date of 31 December 2022 for institutions.

The note addresses the prerequisites for reclassifications to fixed assets, taking into account IDW RH HFA 1.014 and the special features of institutions in this regard (e.g. in the context of regulatory liquidity management). Furthermore, the handling of management adjustments in the context of the application of IDW RS BFA 7 on general loan loss provisions (see also EAN 37/2022) is presented and individual issues in connection with the application of the loss-free valuation of interest-related transactions of the banking book according to IDW RS BFA 3 n. F. (e.g. treatment of portfolio management costs) are dealt with.

The technical note of the IDW Banking Committee is available under this link.