German Accounting Principles: An Institutionalized Framework.
解释德国有限责任公司适用的会计原则，指出这些原则随环境变化而演变，并讨论国际会计准则（IAS）基于英美原则与德国保守主义原则的差异。
Abstract This article provides an understanding of the German accounting principles which apply to limited liability companies. Harmonization has to take the socio-economic conditions of the individual countries into account. The accounting principles have evolved in Germany over centuries and their meaning has changed according to the changing environment they operate in. The growing internationalisation of accounting, resulting from capital market developments, has induced necessary adaptations of the principles. The International Accounting Standards Committee (IASC) is pursuing the worldwide acceptance and introduction of its International Accounting Standards (IAS). These standards are largely based on Anglo-Saxon principles of accounting, which give priority to the matching of revenues and expenses, as compared to the continental European principle of conservatism. The IASC and the International Organization of Securities Commissions (IOSCO) agreed, that IOSCO will use its influence to encourage the usage of the IAS. Discussion papers relating to accounting issues, such as foreign currency translation, accounting for leases and accounting for subsidies and grants, which have been presented by the Accounting Advisory Forum of the European Union Commission, are largely based on the IASC standards.