Balancing costs

A company’s expenses for accounting in general and for the public presentation of its business situation in particular. – These costs increase when a company has to publish its financial statements in accordance with different accounting rules, in particular GAAP and IFRS. Because of the high costs involved, European companies listed on U.S. stock exchanges and required to prepare their financial statements there in accordance with GAAP withdrew from U.S. stock exchanges, including Germany’s BASF. – In order to stop the exodus, the Securities and Exchange Commission at the end of 2007 allowed foreign companies listed on U.S. stock exchanges to recognize balance sheets prepared in accordance with IFRS from 2009. – See Financial Report.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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