This article evaluates the similarities and differences between the balance sheet as defined by International Financial Reporting Standards (IFRS / IAS) and American Generally Accepted Accounting Principles (US GAAP). Both systems define the balance sheets elements in a very similar manner....

The private industrial undertaking in German Democratic Republic (GDR) have generally showed out lower level of gross industrial production per one employee than state public industrial enterprises. The greatest differences between them were obvious in sectors of textile, footwear and food...