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Financial accounting and reporting in Germany : a case study on German accounting tradition and experiences with the IFRS Adoption

Title data

Fülbier, Rolf Uwe ; Klein, Malte:
Financial accounting and reporting in Germany : a case study on German accounting tradition and experiences with the IFRS Adoption.
2013
Event: European Accounting Association (EAA): 36th annual congress , 6.-8. Mai 2013 , Paris, France.
(Conference item: Conference , Paper )

Official URL: Volltext

Abstract in another language

Financial accounting is rooted in national thoughts, traditions and institutional settings. As a consequence, accounting has developed heterogeneously over time and fulfilled contracting purposes in divergent national environments. Against this background, we argue that the ongoing process of accounting internationalization and imposed harmonization carries with it the danger of deforming country-specific balancing factors in the accounting systems, especially when the national environment for economic and contractual activities is not harmonized at all. In contrast to more evolutionary integration and adjustment processes of the past where spillover effects have always existed, the rapidity of the current process and coercive nature increases country-specific frictions. To support our argument and to substantiate the interplay of accounting as a contractual device and country-specific characteristics, we provide an in-depth case study of one country, Germany. We illustrate how the traditional German commercial law accounting system has evolved over time to meet specific contractual needs. We demonstrate how the current process of globalization and accounting internationalization has been attended by increasing frictions and challenges, especially on the contractual and regulatory level. We finally investigate the consequences on the German standard setting system, which also includes the changing role of German accounting research.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Additional notes: SSRN-id2200805
Keywords: Germany; German accounting; HGB; Europe; code law; legal system; socioeconomic-environment; institutional settings; SME; book-tax-conformity; debt financing; accounting history
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X > Chair Business Administration X - Univ.-Prof. Dr. Rolf Uwe Fülbier
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Result of work at the UBT: No
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 08 Jan 2015 12:56
Last Modified: 13 Apr 2015 09:47
URI: https://eref.uni-bayreuth.de/id/eprint/5412