2012 Fiscal Year Final Research Report
A Study on individual accounts in accordance with IAS/IFRS in Germany and on an new alternative to the Determination of distributable profits and taxable income established by the German Commercial Code
| Project/Area Number |
22530509
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | College of Heathcare Management |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Keywords | 財務会計 |
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| Research Abstract |
IAS/IFRS would be introduced into the european legal enviroment on the basis by an endorsement mechanism at EU level. All listed EU-companies must prepare their consolidated accounts in accordance with endorsed IAS/IFRS from 2005. Member states would be allowed to extend the application of IAS/IFRS to unlisted companies and to individual accounts.This study provides a legal background on some of the main features of the capital maintenance regime in Germany Commercial Code and Determination of corporation taxable income and distributable profits to be based on the firm’s commercial accounts. This study examines whether it is possible to measure corporation taxable income based on IAS/IFRS and to determine distributable profits in accordance with solvency test. In conclusion, this study confirms that corporation income taxation and distributable profits in Germany is based on individual accounts of Commercial Code(HGB-Jahreabschluss).
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