The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Austria and Germany

Accounting in Europe, 14 (2017) 1, pp. 13-28, doi: 10.1080/17449480.2017.1298139

25 Pages Posted: 8 Mar 2017 Last revised: 18 Apr 2019

See all articles by Rolf Uwe Fuelbier

Rolf Uwe Fuelbier

University of Bayreuth

Christoph Pelger

University of Innsbruck

Evamaria Kuntner

University of Innsbruck

Marcus Bravidor

Heinrich Heine University Düsseldorf

Date Written: January 15, 2017

Abstract

Austria and Germany share similar accounting traditions. International harmonization in both countries has mainly focused on group accounting. In contrast, single financial statements give rise to legal and tax consequences and, thus, are still tied to the traditional principles of orderly accounting. Recent regulatory changes confirmed this dual role of accounting in both countries, while moving local accounting rules closer to IFRS, although to different extents. We illustrate how recent regulations in the two countries made reference to IFRS, how IFRS were considered during the law-making process and outlines major differences that remain between domestic and international accounting standards.

Keywords: Internationalisation; Harmonization; Accounting Traditions; Contracting; Germany; Austria; IFRS; EU Accounting Directive 2013/34/EU

JEL Classification: M41

Suggested Citation

Fuelbier, Rolf Uwe and Pelger, Christoph and Kuntner, Evamaria and Bravidor, Marcus, The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Austria and Germany (January 15, 2017). Accounting in Europe, 14 (2017) 1, pp. 13-28, doi: 10.1080/17449480.2017.1298139. Available at SSRN: https://ssrn.com/abstract=2928625

Rolf Uwe Fuelbier

University of Bayreuth ( email )

Universitätsstraße 30
Bayreuth, 95447
Germany
+49(0)921 554820 (Phone)
+49(0)921 554822 (Fax)

HOME PAGE: http://www.irl.uni-bayreuth.de

Christoph Pelger

University of Innsbruck ( email )

Universitätsstraße 15
Innsbruck, Innsbruck 6020
Austria

Evamaria Kuntner

University of Innsbruck ( email )

Universitätsstraße 15
Innsbruck, Innsbruck 6020
Austria

Marcus Bravidor (Contact Author)

Heinrich Heine University Düsseldorf ( email )

Universitätsstrasse 1
Duesseldorf, DE NRW 40225
Germany
+49 221 81 15272 (Phone)

HOME PAGE: http://www.wirtschaftspruefung.hhu.de/

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
106
Abstract Views
950
rank
267,036
PlumX Metrics