Pension Accounting: German GAAP Vs. IFRS
Title | Pension Accounting: German GAAP Vs. IFRS PDF eBook |
Author | |
Publisher | |
Pages | 68 |
Release | 2011 |
Genre | |
ISBN |
A Comparison and Contrast of German and International Financial Reporting Issues. Accounting for Pensions - IAS 19 Versus German Law
Title | A Comparison and Contrast of German and International Financial Reporting Issues. Accounting for Pensions - IAS 19 Versus German Law PDF eBook |
Author | Stefan Tzschentke |
Publisher | GRIN Verlag |
Pages | 64 |
Release | 2007-08 |
Genre | Business & Economics |
ISBN | 363872462X |
Seminar paper from the year 2004 in the subject Business economics - Accounting and Taxes, grade: 1,7, University of Bayreuth, 52 entries in the bibliography, language: English, abstract: Although accounting for company pension schemes is one of the most controversial topics of discussion in the international accounting trade, many investors do not pay it due attention. In future, even more so than now, annual results will be influenced by latent reserves and obligations, resulting from different ways of accounting for pension benefit schemes. German financial statements and those following either IAS or US-GAAP often differ significantly on this point. The International Accounting Standards and the German Commercial Code are based on different principles. Whereas German regulations are dominated by the imperative of the protection of creditors, IAS lay the focus of accounting on a true and fair view of financial statements in order to provide a suitable basis for investment decisions. These divergent priorities are reflected in the accounting for pensions as well. The two main problems in accounting for pensions are the recognition and the appraisal of pension provisions. Eventually both accounting systems face the same problems and each one has a different way of resolving them. On the other hand, HGB and IAS unanimously agree on the fact that company pension schemes that do not require pension provisions, do not represent an accounting problem. The objective of the treatise on hand is the depiction of the difference between IAS and HGB regarding the recognition and accounting for pension as well as the resulting accounting-effects on the balance-sheet. The paper will first try to give an overview of the term 'pensions' as it is used in German law and in the IAS, and then - in the second part of the bases- explain the underlying problematic nature of accounting for pensions. In the third and fourth part the respective regulations, first according to German law an
IFRS Vs German GAAP
Title | IFRS Vs German GAAP PDF eBook |
Author | Anurag Dahiya |
Publisher | |
Pages | |
Release | 2019 |
Genre | |
ISBN |
Similarities and Differences: IFRS and German GAAP
Title | Similarities and Differences: IFRS and German GAAP PDF eBook |
Author | Rüdiger Loitz |
Publisher | |
Pages | |
Release | 2018 |
Genre | |
ISBN |
Changing from German GAAP to IFRS Or US GAAP - Objectives and Achievements
Title | Changing from German GAAP to IFRS Or US GAAP - Objectives and Achievements PDF eBook |
Author | Barbara E. Weißenberger |
Publisher | |
Pages | |
Release | 2005 |
Genre | |
ISBN |
IFRS in a Global World
Title | IFRS in a Global World PDF eBook |
Author | Didier Bensadon |
Publisher | Springer |
Pages | 477 |
Release | 2016-05-13 |
Genre | Business & Economics |
ISBN | 3319282255 |
This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and implementation of IFRS. The authors offer their reasoned critiques of the effectiveness of IFRS in promoting genuine global comparability of financial reporting. The editors of this collection have invited authors from 17 countries, so that a great variety of accounting, auditing and regulatory cultures, and educational perspectives, is amply on display in their essays.
The German Financial System
Title | The German Financial System PDF eBook |
Author | Jan Pieter Krahmen (editor) |
Publisher | |
Pages | 550 |
Release | 2004 |
Genre | Business & Economics |
ISBN | 0199253161 |
Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.