This document describes the development of a financial health indicator based on companies' financial statements. This indicator is conceived as a weighted combination of variables, which is obtained through a model discriminating between failing firms and non-failing firms. The definition of...

Der Autor ist Leiter des Finanz- und Rechnungswesens der technischen Universität Darmstadt. Er behandelt die Themenbereiche Buchführung, Jahresabschluss und Bilanzierung, Kostenrechnung und Controlling. Gesetzliche Änderungen, z.B. das Bilanzrichtlinienumsetzungsgesetz (BilRUG) aus dem Jahr...

Every German student of business administration needs to have a basic understanding of accounting according to German GAAP, and thanks to globalization many courses about German accounting are nowadays held in English to improve the language skills of the students. In addition many foreign...

The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 became effective, Current IAS or US GAAP, and the Full Fair Value (FFV) model proposed by the Joint Working Group (JWG) - on the financial statements of banks. We develop a...