Changes to Dutch Accounting Standards for medium-sized and large legal entities — Changes to annual edition 2016
The annual edition 2016 of the Dutch Accounting Standards (DASs) for medium-sized and large legal entities includes several new standards. The annual edition 2016 is effective for financial years starting on or after January 1, 2017. Some of the new standards, however, already became effective on January 1, 2016. Earlier application is recommended for all new standards. New draft standards have been included as well. Draft standards do not yet formally apply. However, anticipating the final standards, draft standards do provide the accounting practice with a certain extent of support and guidance (DAS 100.206).