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Basic information about a final thesisAdditional informationAdditional information about the final thesis follows. Click on the language link to display the information in the desired language.
|Language of final thesis:||English|
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|Title of the thesis:||Valuation of non-cash contributions in the German start-up balance sheet according to the German Commercial Code, Austrian Commercial Code and International Financial Accounting Standards|
|Summary:||The current economic crisis shows that the valuation of assets is an important subject for our global economy because reserves help a company to better with-stand a crisis. The valuation of assets should therefore be perfected as soon as a company is established. How non-cash contributions are valued in the start-up balance sheet has long-term consequences for future balance sheets and profit and loss accounts. There is a loophole in the valuation of non-cash contributions in Germany as the §§ 242 I, 253 I, 255 I HGB (German Commercial Code) are only to be applied by analogy. When comparing this with international standards on the other hand, the valuation of non-cash contributions on company start-up is clearly regulated in other countries; for example in Austria by codification of the fair value in § 202 UGB (Austrian Commercial Code) and in the IFRS reporting system by the prin-ciple of fair value. Due to the German loophole, there is an ongoing controversial discussion in academic literature on the valuation of non-cash contributions. This leads to a need to investigate the subject in more detail with the aim of ascertain-ing whether there should be a uniform perspective and accordingly an ideal valua-tion. The dissertation concludes that non-cash contributions should be valued at the attributable market value (fair value). With the introduction of the term, attribut-able market value in § 255 IV HGB, the German legislator has taken the first step in this direction and should now take the second step and extend the application of this term to non-cash contributions analogous to § 202 UGB. If this recom-mendation is adopted, this would contribute to the standardization of reporting from a scientific perspective and to the solidity of German companies.|
|Key words:||non-cash contribution, start-up, notional costs of acquisition|
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