Accounting in Germany
Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access articles, books and online resources providing useful links to accounting standards, GAAP comparisons and other guides.
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The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact firstname.lastname@example.org.
Comparative International Accounting
Christopher Nobes and R.H. Parker (2016)
In-depth book exploring differences between IFRS and US GAAP, as well as differences in accounting practices between other countries. It includes sections covering:
- Who makes the accounting rules?: Germany
- Which business enterprises are subject to accounting rules?: Germany
Accounting Standards Committee of Germany
Standard setting body and official source of DRS.
Accounting standards updates and background information from Deloitte's IAS Plus service.
Accountancy associations and groups
For regional organisations and networks, see our list of international accountancy bodies
IFRS versus German GAAP (revised): Summary of similarities and differences
Review from PwC, published February 2010, of IFRS, IFRS for SMEs and German accounting standards.
IFRS compared with USGAAP and German GAAP
Extract from a KPMG GAAP comparison published in March 2003. The summary looks at the regulatory background, general issues relating to financial statements/accounts, specific balance sheet items, specific income statement items and special topics.
Model financial statements
Models and checklists – Germany
Example accounts and checklists produced and regularly updated by Deloitte member firms to help users prepare reports in compliance with local GAAP.
ICAEW contact members
Contact member in Germany
ICAEW’s network of Contact Members around the world are a point of contact for enquiries and act as ambassadors in promoting ICAEW's strategy and brand in each region.
Guides and resources
Overview of the accounting requirements in force on January 31, 2013 per entity type
Information collated by the European Commission and EY as part of a wider Accounting guide for SMEs published in 2015. Tables summarise accounting practices for medium-sized, small-sized and micro entities across EU countries, covering requirements for:
- legal entity name
- size thresholds
- accounting systems
- accounting framework
- recording of financial transactions
- components of financial statements
- management report
- publication of financial statements.
Structure and organisation of the accountancy profession across 30 European countries
Survey conducted by the Federation of European Accountants (FEE) with profiles of individual countries, including Germany. The profiles, published in 2012, cover:
- professional bodies
- market access for resident professionals, professionals from other EU member states and professionals from other countries.
Accounting for financial instruments / Rechnungslegung von Finanzinstrumenten IFRS/HGB
A bi-lingual publication by Dr Knut Henkel on accounting for financial instruments under IFRSs and HGB, available from the IAS Plus website. Published in November 2009.
Financial Reporting Enforcement Panel (FREP)
The Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung) is a government appointed private organisation for financial statement oversight in Germany established in 2005. The organisation publishes the results of their work in annual activity reports (available in English) which include statistics on the number of financial statements found to be erroneous and analysis of the types of errors found.
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
Official website of the Federal Financial Supervisory Authority established in May 2002. The BaFin website includes a short section (in English) which states the role they play as the second tier of financial reporting enforcement in Germany. The website includes a list of those companies subject to enforcement.
The market research and consultancy firm Lünendonk publishes an annual report on the leading accountancy firms in Germany ('Führende Wirtschaftsprüfungs- und Steuerberatungs-Gesellschaften in Deutschland'). The introduction and table of contents is available to view without charge.
Lünendonk also publishes listings of the top 25 accountancy firms and top 10 accountancy networks in Germany which are available to download free of charge. The listings includes figures for turnover and the number of employees.
Model financial statements and disclosure checklists
Finanzberichterstattung nach IFRS Muster-Konzernabschluss
IFRS model financial statements (in German) published by PwC in November 2012.
IFRS Disclosure Checklist 2016
IFRS disclosure checklist published by PwC.
The IAS Plus website from Deloitte provides IFRS model financial statements and IFRS presentation and disclosure checklists (in German) which are available to download.
Use of IFRS standards by jurisdiction: Germany
Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.
Articles and books in the Library collection
Each selected book features specific accounting information on this country or territory; click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.
European Accounting Guide (5th ed.)
David Alexander and Simon Archer (eds.) (2003)
Individual country and region chapters cover background information, accounting policies and practices, discuss the form and content of published financial statements and offer sample accounts.
International Corporate Procedures
This regularly updated database includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country or territory with original language and English language versions presented together. Contact us to request documents from the database.
Kurt S Schulzke (ed.)
Each country or region entry contains sections on the framework of accounting (including the regulatory and standard setting regimes), individual accounting topics, auditing and appendices which can include commonly used terms and acronyms and example financial statements. This is a regularly updated looseleaf reference work in three volumes.
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