Principles Of Recognition And Valuation Of Assets And Liabilities In Separate Financial Statements Acc To German Commercial Code Hgb
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Principles Of Recognition And Valuation Of Assets And Liabilities In Separate Financial Statements Acc To German Commercial Code Hgb
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Author : Julia Wimmers
language : en
Publisher: GRIN Verlag
Release Date : 2010-11-17
Principles Of Recognition And Valuation Of Assets And Liabilities In Separate Financial Statements Acc To German Commercial Code Hgb written by Julia Wimmers and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-17 with Business & Economics categories.
Research Paper (undergraduate) from the year 2010 in the subject Business economics - Accounting and Taxes, grade: 2,3, University of applied sciences, Munich, course: MBA, language: English, abstract: Every single company is obliged to make a financial statement according to national law, which is the German Commercial Code (HGB) in Germany. This assignment elaborates important clauses for the domain of “recognition and accounting principles”, lodged in the HGB and then critically monitors and analyzes rules, obligations and bans, deduced from these clauses. The author therefore looks into the subject of accounting challenges in general like the actual definition of an asset and the right classification of individual assets: which is already detected as the first “room for accounting flexibility” allowing firms to build up hidden reserves, something being highly criticized from supporters of the Anglo-Saxon approach. Next the major valuation principles and in particular the Prudence Principle with its four occurrences are analyzed, followed by a practical and value oriented overview of the “past, present and future value” approach. Additionally, the author presents a scheme with the logical “computation of acquisition costs” in order to have a valuation basis for the balance sheet. This accounting cost termination is however another “option” enabled through the legal text of § 255 HGB to minimize or maximize profits shown to external parties. The core part then focuses on the accounting differences of certain groups of assets. For theoretical reasons calculation scenarios with corresponding formulas for the depreciation methods are introduced and executed with a practical example, namely the depreciation for a ten year old machine. This simple example proves that the linear method allows the highest profit shown whereas with the declining method the lowest profit is shown. In the last chapter important aspects and challenges, as the deciding role of the correct “amount to be paid” for the subject of accounting of liabilities are analyzed.
A Comparison And Contrast Of German And International Financial Reporting Issues Fair Value Accouting Current Issues And Possible Solutions
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Author : Andre Tentscher
language : en
Publisher: GRIN Verlag
Release Date : 2006-08-28
A Comparison And Contrast Of German And International Financial Reporting Issues Fair Value Accouting Current Issues And Possible Solutions written by Andre Tentscher and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-28 with Business & Economics categories.
Seminar paper from the year 2004 in the subject Business economics - Accounting and Taxes, grade: 1.7, University of Bayreuth (School of Law, Economics and Business Administration ), course: 'business taxation and auditing' , language: English, abstract: Huge changes arose in the world of economy during the last decade. Due to globalisation and competition for scarce capital1 a heightened discussion regarding different national accounting policies emerged. There has been an intensive controversy between continental-European and Anglo-American based accountancy. All companies listed on a stock exchange in the EU are obliged to present their group accounts in accordance with IAS/IFRS2 from 2005 on. One crucial aspect of IRFS focuses on the increasing tendency to recognise a fair value which implies a departure from historical cost-based financial statement to a rather market value-based one. Subsequently, this paper introduces and compares the current valuation bases of the German commercial/tax law and IRFS. Because of the increasing importance of IFRS the major point reflects this consideration. Finally, contrasts will be emphasised and opportunities for a complete takeover of an advanced fair value accounting to German accountancy will be examined. For this reason a reference to the general objectives and principles both of the accountancies is inevitable and will be introduced in either case.
The German Financial System
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Author : Jan P. Krahnen
language : en
Publisher: OUP Oxford
Release Date : 2004-03-25
The German Financial System written by Jan P. Krahnen and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-25 with Business & Economics categories.
This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first century. In giving a comprehensive account of the many facets of the system, it covers corporate governance, relationship lending, stock market development, investor protection, the venture capital industry, and the accounting system, and reports on monetary transmission and the credit channel, regulation and banking competition, the insurance and investment industry, and mergers and acquisitions. Special chapters at the beginning and at the end of the book adopt the financial system perspective, analysing the mutual fit of different features of the financial system; and each of the fifteen chapters addresses particular myths that surround it. The book is invaluable for those who want to understand the German economy and its financial system, promising not only a compilation of facts and statistics on Germany's financial markets and institutions, but also an analysis of its current structure and the determinants of its future development.
Transnational Accounting
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Author : Dieter Ordelheide
language : en
Publisher: Springer
Release Date : 2016-02-17
Transnational Accounting written by Dieter Ordelheide and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-17 with Business & Economics categories.
Considerable effort has been made over the last ten years by such institutions as the EU, OECD, UNO and the IASC towards the harmonisation of accounting standards. It is recognised though that uniformity and true compatibility of financial instruments cannot be achieved while accounting operates in individual national economic and legal environments. A knowledge of national accounting standards and practice continues to be indispensable for the analysis of financial statements. Transnational Accounting is a unique comparative study of accounting standards of fourteen major economic powers, plus the regimes of the IASC and EU. Each chapter is standardised for easy comparison and written by a recognised expert in his or her country. The Editor, The Late Dieter Ordelheide, was Professor of Business Economics at the Johann Wolfgang Goethe-Universität, Frankfurt am Main. This groundbreaking work enables the reader to develop a thorough practical understanding of national accounting practices and be fully at home with financial statements in an international context. Each volume includes a detailed reference matrix listing approximately 100 key accounting subjects and their treatment across all regulatory and accounting regimes.
Moody S International Manual
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Author :
language : en
Publisher:
Release Date : 1994
Moody S International Manual written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Corporations categories.
Deutsche Bank
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Author : Wetfeet
language : en
Publisher: Wetfeet
Release Date : 2006
Deutsche Bank written by Wetfeet and has been published by Wetfeet this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Banks and banking categories.
Monthly Report
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Author :
language : en
Publisher:
Release Date : 2011-09
Monthly Report written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09 with Banks and banking categories.
U S Gaap And German Hgb A Comparative Approach
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Author : Markus Bruetsch
language : en
Publisher: GRIN Verlag
Release Date : 2003-06-30
U S Gaap And German Hgb A Comparative Approach written by Markus Bruetsch and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-30 with Business & Economics categories.
Essay from the year 2003 in the subject Business economics - Accounting and Taxes, grade: 1,5 (A), Oxford Brookes University (Business School), course: International Financial Accounting, language: English, abstract: This essay will compare and contrast the accounting systems of Germany and the United States of Amerika. First the single systems, their core concepts and purposes will be introduced. Second, the two core concepts of conservatism and true and vair value will be presented. Both systems will be examined in order to show how they incorporate these concepts and how this might affect the calculation of profits. Where data is available, selected examples from published company accounts will be shown. Finally some short comments on how the systems come closer to each other since several german companies aim for crosslistings in both countries. A conclusion will summarize the main facts. Different accounting systems might come to different results in their calculations of profits. This can be shown by drawing an example from the Siemens AG’s annual report 2000. In their report based on German GAAP (General Accepted Accounting Principles) the net income in 2000 was 7,901 million €. The same calculation based on U.S. GAAP amounts in the F-20 report for the Securities and Exchange Commission (SEC) to 8,860 million € (see figure 1). Now the Question is how come this difference of nearly 14%? Is one system more exact? [...] As we have seen in assignment 1, accounting is not a science. It has been developed to serve a purpose. Accounting systems are influenced by several social and economic factors (Radebaugh and Gray, 1997). [...] It seems that German GAAP and US GAAP have different objectives. Therefore we will analyze the two systems in their national contexts now.
Ifrs 5 Non Current Assets Held For Sale And Discontinued Operations
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Author : International Accounting Standards Board
language : en
Publisher:
Release Date : 2004
Ifrs 5 Non Current Assets Held For Sale And Discontinued Operations written by International Accounting Standards Board and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Assets (Accounting) categories.
Annual Financial Statements
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Author :
language : en
Publisher:
Release Date : 2006
Annual Financial Statements written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
