Jump to ContentJump to Main Navigation
European Pensions & Global Finance$
Users without a subscription are not able to see the full content.

Gordon L. Clark

Print publication date: 2003

Print ISBN-13: 9780199253647

Published to Oxford Scholarship Online: January 2010

DOI: 10.1093/acprof:oso/9780199253647.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 February 2020

Global Finance and German Accounting Rules

Global Finance and German Accounting Rules

Chapter:
(p.79) chapter 4 Global Finance and German Accounting Rules
Source:
European Pensions & Global Finance
Author(s):

Gordon L. Clark (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199253647.003.0004

Like France and Italy, Germany will be severely affected by an ageing population and the underfunding of social insurance and related retirement benefits. While there is considerable pride in Otto von Bismarck's model of social solidarity and insurance, there is widespread debate about the proper response to the demographic crisis, including continuing conflict over the role and status of private pension privatisation. This chapter examines how and why financial transparency and comparability have become so significant, and the implications of such accountability for management power and private pension systems. The convergence of the United States, international, and European accounting standards is discussed, with emphasis on the underlying assumptions made by accounting professionals about the efficiency of global finance. The patterns of German corporate pension accounting in the DAX 30 index and non-DAX 30 companies are considered, along with pension liability and corporate finance, Germany's adoption of international accounting standards, corporate pension liabilities, and management discretion and retirement plans.

Keywords:   Germany, international accounting standards, demographic crisis, social insurance, retirement benefits, private pension, pension liabilities, global finance, corporate finance

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .