Czech Point of View of IFRS Adoption into German GAAP - Impact on SME's Financial Statement Informative Value

Český pohled na implementaci IFRS do německých účetních předpisů - vliv na vypovídací schopnost účetních závěrek malých a středních podniků

David Trytko

Český finanční a účetní časopis, 2014, vol. 2014, issue 4, 120-132

Abstract: The legislated Accounting principles modernizing act, abbreviated BilMoG, caused a fundamental accounting reform in Germany. The most important international accounting standards were implemented into elsewise conservative accounting rules. Due to fact the main user of GAAP in Central Europe is SME, the description and analysis of IFRS's implementation into German GAAP seems to be profitable for SME's financial statement informative value and also for their competitiveness. Major receiver of SME's financial statement is not the institutional investor but financing bank and other creditor. Continuance of prudence principle after partly IFRS adoption is fixed.

Keywords: German Generally Accepted Accounting Principles; International Financial Reporting Standards; Bilanzrechtsmodernisierungsgesetz; Competitiveness; Small and Medium-sized Enterprises; Německé účetní předpisy; Mezinárodní standardy účetního výkaznictví; Konkurenceschopnost; Malé a střední podniky (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.18267/j.cfuc.428

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