By Khanh Pham-Gia

ISBN-10: 3640382927

ISBN-13: 9783640382927

examine Paper (undergraduate) from the yr 2008 within the topic company economics - company administration, company Governance, grade: 1,3, college of technologies, Munich, language: English, summary: as a result of a rules of the eu Union (EU) relating monetary accounting issued on June sixth, 2002, all indexed businesses in ecu are obligated to supply their Consolidated monetary Statements (CFS) in keeping with monetary accounting rules of foreign Accounting criteria (IAS) or foreign monetary Reporting criteria (IFRS) from January 1st, 2005. This law allows an important harmonization of accounting rules in the ecu and helps a transparent comparison of CFS world wide.

The item of this learn is to investigate significant changes of CFS in German GAAP and IAS/IFRS. Thereby, diversifications of either accounting criteria are in comparison and an immense distinction is defined completely with a concrete example.

The significant alterations of CFS in IAS/IFRS and German GAAP end result from diversified goals of either accounting criteria. The German GAAP is strongly in line with prudence precept for defense of collectors and authoritative precept (tax accounting according to advertisement accounting). compared, the IAS/IFRS convey strength traders sensible and choice priceless information regarding resources, finance, and revenue occasions of a firm (true and reasonable view / reasonable presentation principle). those easy rules should be mirrored in different key issues of the either accounting criteria whose modifications are clarified during this research.

Furthermore, a necessary key aspect of CFS particularly the root of consolidation (contains corporations integrated within the consolidation and capital consolidation equipment) is illuminated with a concrete instance. Hereby, the relation among the regulate impact of the mum or dad company on its “sub-entities” and the correspondent capital consolidation equipment are studied.

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