Bnar Kareem Darwish
Salahaddin University-Erbil
Email: [email protected]
DOI: 10.23918/ICABEP2021p22
Abstract
The purpose of the study is to examine the financial statements of German publicly traded companies as International Financial Reporting Standards (IFRS) are mandatory.
The study relied on the generalized least squares used to calculate the data model to compare the structural errors in the relationship between the income statement and balance sheet items using data from the 55 largest listed companies.
The results reveal considerable improvements in these relations, although their severity and impact vary according to the balance sheet. The data selection creates a size bias that should be considered when extrapolating the findings to other publicly traded firms.
This work is the first to use a mandatory, local, accounting, and panel data system to calculate the effect of IFRS adoption using German listed companies.
Keywords: IFRS mandatory, Financial Statements, German Listed Companies
ICABEP2021
International Conference on Accounting, Business, Economics and Politics
3rd joint conference organized by the collaboration of the Faculty of Administrative Sciences and Economics,
Tishk International University, College of Administration and Economics, Salahaddin University-Erbil, and
University of Szczecin, Poland.
