Potential Benefits And Limitation Of Adopting The IFRS For Germany

Seminar paper from the year 2016 in the subject Business economics - Accounting and Taxes grade: 81% University of South Wales language: English abstract: The report aims to analyse the opportunities negative impacts and limitations of adopting IFRS for German SMEs. At first a classification of SMEs in Germany is given and their current situation is demonstrated. The next passage critically analyses the impact of an introduction of IFRS for SMEs in Germany. The analysis includes investigating if the effect varies in different crucial business factors of SMEs as well as their company type. At last the results are summarised and recommendations are given.