German Accounting Research Articles

German managers' attitudes towards Anglo-American accounting: Results from an empirical study on global accounting harmonization

The starting-point of the present paper are systematic differences between the answers of German corporate managers and professors in an empirical study by C&L Deutsche Revision AG (1995) on accounting harmonization. In this study, managers expressed themselves in all questions more positively towards current German accounting and more negatively towards US accounting than professors. The fundamental assumption put forward in this paper is that these differences are due to differences in the economic interests of the two groups. To test this empirically, hypotheses are deduced with regard to the accounting-related interests of the executive managers. The idea behind the hypotheses is that managers' answers to questions in the C&L Industry Study can be explained by structural features of their respective companies. The hypotheses are tested using multiple regression analysis. The results of the tests show that managers' answers can, to some extent, be explained by the suggested multiple regression approach. However, the answers to the rather general and abstract question (the preferred balance between the true-and-fair-view and prudence accounting principles) are much better explained than the answers with regard to detailed US-GAAP regulations. We must assume that the managers' attitudes towards concrete US-GAAP, which are directly related to corporate accounting practice, are influenced by a multitude of firm-specific and personal factors.

Global Accounting Harmonization from a German Perspective: Bridging the GAAP

AbstractThis paper presents the results obtained from a survey of various aspects of international accounting harmonization in which we submitted questionnaires to senior managers of major German companies and university professors of accounting. Most corporate managers were at least sceptical with regard to US‐GAAP principles. The professors held divergent views, ranging from clear rejection to decided approval. Almost all participants agreed, albeit to different degrees, that German accounting rules reduce the demand for German shares abroad. With respect to the information value for investors in capital markets, the majority of managers had a positive opinion of German accounting. They further assumed that US accounting practice has a negative effect on capital market conditions in that it encourages short‐term thinking. The academics, in contrast, were more in favor of US accounting and more critical towards German accounting. In the light of these results it was surprising to find that German accounting experts, including the managers interviewed, were far from rejecting further harmonization. Only a quarter of the managers and less than 10 per cent of the professors were decidedly against any modification of current German accounting rules. However, the experts clearly wished to limit the harmonization of accounting to consolidated financial statements. The majority of managers were in favor of giving German corporations the option of preparing their consolidated financial statements in accordance with either the German Commercial Code (HGB), IAS or US‐GAAP. The academic experts, on the other hand, wished to see IAS as the authoritative basis for consolidated financial statements.

Creative Cognitive Processes in Kekule's Discovery of the Structure of the Benzene Molecule

August Kekule's account of his discovery of the ring or hexagonal structure of the benzene molecule-the event that ushered in the science of organic chemistry-is the single most cited personal report in psychological writings on creativity. Although his mental state has been depicted as dreaming, visual hallucination, alcoholic stupor, or hypnagogic imagery, such depictions do not cite Kekule's original German account but rely either on secondary sources or an 1898 English translation by F R. Japp in the Journal of the Chemical Society. Kekule's original account is presented together with the results of three new translations by German language experts. Comparative analysis of all translations indicates omissions in the one byJapp and significant differences. Psychological assessment indicates that Kekule's breakthrough was due to specific forms of primarily conscious creative cognition named homospatial and janusian processes.

Judas

In 1962, I delivered the Edinburgh Gifford Lectures on The Deed and the Doer in the Bible, the tenth and last being entitled The Doer after the Deed. This article presents the case with which I concluded: Judas through whom an unprincipled administration could lay hands on the one they feared. In Matthew it leads to self-punishment, by hanging. In Acts punishment is inflicted from above, he falls and bursts. (Similarly, Papias has him bloated, inflamed, perishing in his filth.) Church tradition, setting out from Matthew, finds here the prototype of the very worst evildoer, adding to his outrage of selling the Saviour the ultimate one of self-slaughter. This has become the dominant interpretation — though a different one from the early third century will be looked at below. A representative German account runs: Das Ende des Judas … entspricht jüdischem Empfinden, für welches der Satz gilt (Tobit 12.10) ‘Die Frevler sind Feinde ihres eigenen Lebens’, The end of Judas … reflects Jewish feeling, in line with the dictum ‘The evildoers are enemies of their own life’. But it is a misreading, it does no justice to Matthew at all. Let us go through the story.

The Value Relevance of German Accounting Measures: An Empirical Analysis

In this study we compare the value relevance of accounting measures for U.S. and German firms matched on industry and firm size, and evaluate the incremental informativeness of earnings adjusted on the basis of a formula proposed by analysts. German companies have been at the center of a controversy between the New York Stock Exchange (NYSE) and the Securities and Exchange Commission (SEC). The controversy arises from the SEC's insistence that, to list on a U.S. stock exchange, non-U.S. companies must reconcile earnings and shareholders' equity to U.S. generally accepted accounting practice (U.S.-GAAP) (Fuerbringer [ 1992] and Jarrell [ 1992] )41 The NYSE 's concern has been that

THE GERMAN ACCOUNTING PROFESSION — 1931 AND BEFORE: A REFLECTION OF NATIONAL IDEOLOGIES

The purpose of this paper is to examine how the demand for independent audits and the German accounting profession evolved from the late 1800s to the early 1930s despite the absence of competitive market forces. The paper posits that cultural ideologies, specifically with respect to nationalism, paternalism and anti-individualism, provide reasons for the unique configuration of not only the German corporate/banking structures responsible for originating financial reports but the accounting profession that audited them. As the German accounting profession was in an embryonic stage, it was not capable of successfully confronting the corporate/banking alliance to significantly impact financial reporting or the demand for audits. Economic crises served as the dominant pressure for business reform and legislation mandating audits in Germany.

German Accounting Principles Applied. A Review Article

German Accounting Principles Applied. A Review Article

The cold and wet year 1695 — a contemporary German account

The cold and wet year 1695 — a contemporary German account

The cold and wet year 1695 — a contemporary German account

After describing briefly some of the outstanding features of the uncommonly cold and wet year 1695, one of the coldest years of the Little Ice Age, an annotated translation is presented of a contemporary review of the unusual weather events of the year in Europe. The original was published in 1702 in Frankfurt am Main, Germany, in vol. XIV of the seriesTheatrum Europaeum. The annotation relates to the historical events of the year that were substantially affected by the weather, events to which rather abstruse references are made in the aforementioned contemporary account. In addition to the fact that the contemporary review describes the uncommon weather conditions of 1695, it appears to be the first extended weather review in history.

An Empirical Analysis of International Accounting Principles: A Comment

In a recent article in this Journal, Frank uses data from the 1973 Price Waterhouse survey of financial accounting practices to classify countries' accounting systems into groups.' While the methodology seems more satisfactory and the results greatly more reasonable than those reported elsewhere using the same data,2 neither Frank nor other researchers have investigated the reliability of these data and how appropriate they are for their statistical analyses. I believe that the data may be questionable on three counts. First, they may contain some straightforward mistakes. These are illustrated in table 1. The easiest answers for me to check are those for the United Kingdom in the 1976 survey. Note that if such answers can be wrong for this country, would it be reasonable to rely on similar answers for Bolivia? Second, some of the answers, although either strictly or conditionally true are misleading, particularly to a computer. Table 2 gives examples of this. The survey's impression that U.K. or U.S. accounting is as conservative as German accounting and more conservative than French accounting is surely misleading. The table hides the fact that German or French conservatism is of a wholly different order than Anglo-Saxon prudence.3 Regarding the clear profit figure, anyone acquainted with

The Conspiracy against Hitler in the Twilight War: An Account of the German Anti-Nazi Plot from September 1939 to May 1940 and the Role of Pope Pius XII, by Harold C. Deutsch

The Conspiracy against Hitler in the Twilight War: An Account of the German Anti-Nazi Plot from September 1939 to May 1940 and the Role of Pope Pius XII, <i>by Harold C. Deutsch</i>

A Comparative Simulation of German and U.S. Accounting Principles

This study is a sequel to an earlier computer simulation of foreign accounting principles, the results of which were published in the Autumn, 1966 issue of this journal.' In the present study, the actual transaction data of two U.S. manufacturing firms, the same data that had been used previously for a multinational comparison, were used in a computer model to simulate prevailing U.S. and German Accounting practices. The aim was to obtain some notion of the different effects of U.S. and West German accounting practices on financial statements, assuming the underlying transactions are the same. The study is divided into five parts:

A German Account of Life in Wales in 1856

OF the hundreds of travel books which appeared in Germany in the second half of the nineteenth century, when the public showed a seemingly insatiable appetite for accounts of foreign lands, very few are remembered to-day. Most of them have very little to offer to the serious student of history or of folklore, but occasionally one comes across a book of exceptional merit, and to my mind Julius Rodenberg's Bin Herbst in Wales deserves a·special place in the book list of every Welsh folklorist.1 It is now a rare book and practically forgotten by everyone except students of the history of journalism who are attracted to Rodenberg on account of the important part he played in German journalism during one of its most interesting periods. 2 Julius Rodenberg, who was born Julius Levy, took the name of Rodenberg from the small township in Hessen where he was born in 183 I. He studied at the Universities of Heidelberg, Gottingen and Berlin, and after travels in France in 1855, received his doctorate of law from Marburg University in 1856. He then left Germany for a series of prolonged journeys to several countries of Western Europe. In 1862 he was given his first editorial post, and after experience with several journalistic ventures he was appointed editor of the Deutsche Rttndschau in 1874. He remained its editor-in-chief until his death in 1914.3

Another Early German Account of St Patrick's "Purgatory"

Another Early German Account of St Patrick's "Purgatory"

An Early German Account of St Patrick's Purgatory

An Early German Account of St Patrick's Purgatory

A German Account of the German-Turkish Expedition against the Suez Canal in 1916

A German Account of the German-Turkish Expedition against the Suez Canal in 1916

A German Account of the Flame Throwers

Essay| August 01 1918 A German Account of the Flame Throwers Current History (1918) 8_Part-2 (3): 397. https://doi.org/10.1525/curh.1918.8P2.3.397 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Twitter LinkedIn Tools Icon Tools Get Permissions Cite Icon Cite Search Site Citation A German Account of the Flame Throwers. Current History 1 August 1918; 8_Part-2 (3): 397. doi: https://doi.org/10.1525/curh.1918.8P2.3.397 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentCurrent History Search This content is only available via PDF. © 1918 by The Regents of the University of California1918 Article PDF first page preview Close Modal You do not currently have access to this content.