Principles but its interpretation in Germany may be different compared to international standards. This principle is influenced by international accounting GAAP, but also that they provide a true and fair view of the net worth, financial position and results of the company. Should also be noted that in accordance with the prudence principle, provisions and allowances can be set up if it is possible, but not necessarily probable, that an asset has been impaired or aĪs mentioned earlier, the general rule for corporations requires not only that their financial statements comply with above
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