Differential reporting in Germany – A historical analysis

Accounting and the welfare state: The missing link

“…Furthermore, all companies are now allowed to publish single accounts according to IFRS in the German Federal Gazette. However, the German Commercial Code remains mandatory for the preparation of all companies' single accounts (two-level system), since single accounts still prevail as basis for the calculation of the distributable income (Eierle 2005). For a summary of the accounting requirements in the German welfare-state see Table 2.…”

Accounting and the Welfare-State: The Missing Link

“…This framework followed a micro-economic perspective of regulation and was geared towards the regulation of the relations between the company and its constituencies (Eierle 2005). In general, the applied accounting rules were based on the principle of prudence (i.e., conservative valuation) and single accounts were used to calculate the distributable income.…”

The Relevance of International Financial Reporting Standards for Small and Medium-sized Entities: An Australian Case Study

“…The debate in the literature has focused on the production of financial reports to satisfy the external users of the financial information (Williams & Tower, 1998;Holmes, Kent & Downey, 1991;Eierle 2005). Underpining the debate is the premise that shareholders and financial institutions require the same level of protection when dealing with Small Medium Enterprise (SME) companies as they do for the larger companies, especially publicly listed companies (Knutson & Wichmann, 1984;Brailsford & Ramsay, 1993).…”