Based on a contingent perspective of accounting change, this paper reviews the historical development of differential reporting in Germany, by drawing on primary and secondary sources. The main objective of the paper is to shed light on the driving forces and main influential parameters that...

<title>Abstract</title> In February 2007 the IASB invited comments on its Exposure Draft of a proposed IFRS for Small and Medium-Sized Entities. The deadline for comments was 30 November 2007. Below we reproduce3 the comment letter prepared by the European Accounting Association's Financial Reporting Standards...

This study is set within the context of the IASB's initiative to develop an IFRS for small and medium-sized entities (SMEs). It is based on a questionnaire survey of small and medium-sized entities in Germany exploring the suitability of the IASB's proposed SME standard for entities of different...

Cette étude fournit des exemples détaillés dans le cadre du GAAP américain de l'arrivée au niveau des préparateurs et des réviseurs de nouveaux réglements promulgués. Nous montrons que les réviseurs créent leur propre ‘sous-réglement' détaillé qu'ils imposent a leurs clients par...

We discuss the measurement of environmental performance (EP) in quantitative empirical research. Initially, we review and classify existing EP measures. Based on that, we analyze their validity and reliability. To provide a clear conceptualization of EP, we mainly refer to the framework of Wood...

Value based performance measures are intended to capture increases in shareholder wealth. At the same time they have to measure the realization of the returns initially planned for. To provide incentives for management to act in the interest of owners, bonus payments are often based on these...

The correct definition and calculation of the free cash flows plays a crucial role in the process of valuing companies. The two main components of a valuation model, free cash flow and the costs of capital, need to be determined simultaneously. The different approaches to valuation are different...

This paper studies the role of the accrual process for providing value relevant information on intangibles. Expensing research & development (R&D) expenditures is, by nature, equivalent to cash accounting. Prior studies have found that accrual information has superior explanatory power for...

Die mit der Unternehmenssteuerreform 2008 vorgesehenen Änderungen sind für die Unternehmensbewertung von erheblicher Relevanz: Insbesondere die Einführung einer sog. Zinsschranke, welche die steuerliche Abzugsfähigkeit von Zinsaufwendungen beschränken soll, die Tarifsenkung bei der...