Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177275 
Year of Publication: 
2017
Citation: 
[Journal:] Business Research [ISSN:] 2198-2627 [Volume:] 10 [Issue:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2017 [Pages:] 215-248
Publisher: 
Springer, Heidelberg
Abstract: 
This study investigates whether the 2009 German Accounting Law Modernization Act has affected the reporting and accounting practices of German private firms. In reforming German accounting standards, numerous accounting options were deleted, several accounting rules were transferred from IFRS to German GAAP with some modifications, and disclosure requirements were extended. In our analysis, we examine the changes in financial reporting and their effects on disclosures. We use four financial reporting property measures: discretionary accruals, the correlation between operating cash flow and accruals, the persistence of earnings, and the predictability of earnings. The results reveal no change across all financial reporting properties. Examining disclosure compliance for capitalized development costs and other provisions reveals substantial variation in compliance.
Subjects: 
German Accounting Law Modernization Act
German GAAP
Accounting standards
Financial reporting properties
Private firms
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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