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| Author: | Duhr, A. |
| Title: | Grundsätze ordnungsmässiger Geschäftswertberichterstattung: Berichtspflichten durch Bilanzierung und Erläuterung nach HGB und US-GAAP |
| Journal: | Zeitschrift für Betriebswirtschaft
2003 : SEP, VOL. 73:9, p. 963-988 |
| Index terms: | Accounting standards GAAP Legislation Commercial law Accounting law |
| Language: | ger |
| Abstract: | In the German system of accounting rules according to the Commercial Code verbal and non-quantitative disclosures are the central feature of reporting decision-useful and relevant information. Adequately interpreting the objectives of the German Commercial Code, particular disclosure rules about goodwill form a comprehensive but not complete system of mandatory disclosure rules regarding methods of recognition and measurement. Together with the method of accounting for goodwill, US-GAAP financial reporting systematically follows a different concept of mandatory disclosure rules and for that reason lacks important decision-useful information. In comparison with the German Commercial Code, accounting and reporting for goodwill in accordance with US-GAAP is not presumed to be superior (original in German). |
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