In general, the main difference between the accounting regulations of IFRS and German GAAP is that IFRS focusses on investor protection while German GAAP always sees the protection of creditors as their highest priority. The primary measurement basis under both...
The third set of requirements introduced by the new IFRS 18 is detailed below: More useful grouping of information in the financial statements (aggregation and disaggregation) Investor analysis of companies’ performance is hampered if the information provided by...
Based on the recent discussions about tax updates due to VAT cases, today’s article focuses on changes and updates in the taxes. Application of VAT Exemption for the Management of Qualifying "Special Investment Funds" in Relation to Pension Funds On September 5, 2024,...