Review of practical implementation issues of International financial reporting standards: Case study of Germany

Germany has a long tradition of accounting regulation, which has always been within the responsibility of the legislator. Many changes have taken place in recent years in the accounting environment as a result of European regulations and numerous national laws, as a result of changes in capital markets. Predominant triggers were the increasing importance of capital markets to provide financing and the internationalization of investors. Consequently, new demands on accounting, especially with regard to timely and decision-useful investor information, arose.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions