Publication Date
1-1-2002
Document Type
Dissertation/Thesis
First Advisor
Norton, Curt
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Accountancy
Abstract
German companies are having difficulties translating financial statements from German accounting standards to United States Generally Accepted Accounting Standards in order to trade stock on United States stock exchanges. The German accounting standards are compared with US GAAP in ten main areas of financial statement accounting. Microsoft financial statements in both US and German accounting standards are studied as an example of the differences between the two sets of accounting standards. Two areas of accounting are found to be of significant difference. Pension and depreciation expense would have to be adjusted to follow US GAAP before German companies could translate financial statements to US GAAP.
Recommended Citation
Glymph, Sarah, "A Comparison of the Financial Reporting Standards of the United States and Germany" (2002). Honors Capstones. 25.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/25
Extent
34 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
