Vorsichtsprinzip und Grundsatz der Bilanzwahrheit im Rahmen der Jahresabschlussrichtlinie
Journal
Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung
ISSN
0341-2687
Type
journal article
Date Issued
2001-06-01
Author(s)
Abstract (De)
According to the Court of Justice of the European Communities provisions for potential warranty liabilities are required under the Fourth Council Directive (78/660/EEC). A global valuation of these liabilities must be made to represent a true and fair view of their amount. National legislation has to stipulate evaluation criteria for provisions in accordance with Article 2 (3) of the Directive in such a way that financial statements give a true and fair view of the company's assets, liabilities, financial position and profit or loss. We discuss the implications of the Court´s judgement and point out the necessity for clear interpretation of terms used by the Court to avoid legal uncertainties (e.g. "overestimate of the assets" or "the soundest and most appropriate" information). It is argued that there can be an antinomy following both, the true-and-fair-view-principle (Article 2 (3)) and the prudence-principle (Article 31 (1c)). One solution might be that - on basis of national legislation - the prudence-principle dominates the balance sheet and that international comparability of financial statements can be achieved by giving additional information in the notes.
Language
German
Keywords
EU-Richtlinie
EuGH
True and Fair View
Bilanzierung
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Handelsblatt Fachmedien
Publisher place
Düsseldorf
Volume
53
Number
6
Start page
366
End page
390
Pages
25
Subject(s)
Eprints ID
29980