What is 'Handelsgesetzbuch - HGB'

A law that governs the primary commercial code for companies in Germany. Included in the law is regulation related to the preparation of financial statements. This law is similar to GAAP, which is followed in the United States.

Explaining 'Handelsgesetzbuch - HGB'

The commercial code of Germany was first established on May 10, 1897. In 1998, the code was adapted to conform with new laws within the European community. The HGB has also been used in Austria since 1938. However, on January 1, 2007, the HGB will be replaced by a new unified commercial code called the Unternehmensgesetzbuch (UGB). This will be a modernized version of the HGB.

Further Reading

The political economy of international accounting standards
www.tandfonline.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

The role of accounting in the German financial system
papers.ssrn.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

Accounting treatments for goodwill and other intangible assets in Germany
search.proquest.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

2 Accounting and the Business Economics Tradition in Germany
books.google.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ201003009.htm' />The Accounting Model Choice for Insurance Contracts and its International Convergence [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ201003009.htm'>PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

Determination of the Internal Financing Power of Corporate Growth via the Self-Financeable Growth Rate
link.springer.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

Incentives or standards: What determines accounting quality changes around IFRS adoption?
www.tandfonline.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

The influence of tax on IFRS consolidated statements: the convergence of Germany and the UK
www.tandfonline.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …

Continental European accounting model and accounting modernization in Germany
www.sciencedirect.com [PDF]
… unlike IAS, German GAAP or the German Commercial Code (Handelsgesetzbuch; henceforth, HGB … value-oriented and therefore likely to incorporate the effects of economic events into … of accounting standards differences between HGB and IAS Accounting treatment HGB IAS …