Leseprobe
Contents
List of abbrevations
List of Figures
1 Introduction
1.1 Assignment of task and purpose of this paper
1.2 Definition small and medium-size enterprises
1.3 Share of small and medium-size enterprises in Germany
2 Status quo of generally accepted accounting principles in Germany
2.1 Accounting regulation of non-consolidated financial statements
2.2 Accounting regulation of consolidated financial statements
2.3 Supplementary requirements of capital markets
2.3.1 Inconsistent requirements at worldwide stock exchanges
2.3.2 Obligation of IFRS for capital market oriented enterprises
2.4 Fundamental differences between both accounting principles
2.5 Revision of German Commercial Law in 2009
3 Prospects of financial reporting to IFRS for SMEs
3.1 Future-oriented financial reporting system
3.2 Gain in value of information
3.2.1 Ease of borrowing
3.2.2 Advantage for equity finance
3.3 Facilitation of market imperatives
3.4 Support of SMEs at increased self-information
4 Points of concern of financial reporting to IFRS for SMEs
4.1 Adoption of novelty
4.2 Efforts of conversion to IFRS
4.3 Provision of company information
4.4 Inevitable demand for consultion
4.5 Emerging criticism according fair value valuation
4.6 Higher risk potential through fair view accounting
5 Current development and conclusion
5.1 Introduction IFRS for SMEs
5.2 Conclusion
Executive Summary
References
- Arbeit zitieren
- Christian Höchemer (Autor:in), 2010, International harmonization of accounting, München, GRIN Verlag, https://www.grin.com/document/183511
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