Organization-Guide/Policies & Guidelines/Accounting/Receivables.md

Receivables

Receivables and other assets

Receivables and other assets are stated at their nominal value. All items subject to risk are written off in full individually.

Other long-term receivables

Other long-term receivables are generally recognized at nominal value. Impairments are recorded, if write-downs are required. A reversal of impairment losses is recognized when there is an indication that the reasons for write-downs recognized in previous years are no longer present.

2022-01-01 - Version 1.0