Rechnungslegung

The requirement is clear: the balance sheet, income statement, and cash flow statement should reliably reflect the asset and earnings situation of the reporting company to enable comparison with other companies. The information from financial reporting serves as a basis for decision-making for various stakeholders. Giorgio Behr and Peter Leibfried comprehensively describe the fundamentals and concepts of accounting. The individual components are presented and interpreted in detail, with numerous illustrative examples and references to the various applicable accounting regulations. Additionally, the connections to related areas are highlighted (tax law, pension systems, capital market law, and economic, political, and social aspects), as well as the tension between accounting and corporate governance.