Accounting System(s) in a germany Country.

my group topic is germany

Topics to include about the country should/may include, but is not limited to, the following:

History of accounting in the country
Cultural differences (from Canadian culture) affecting accounting and accounting systems.
Political environment and legal system and differences (from Canadian culture) affecting accounting and accounting systems
Standard setting bodies
Types of business entities and the information needs of various users of the financial information
Different accounting systems used by different types of business organizations (eg. Multinational corporation, privately held corporation, non-consolidated entity, partnership)
Presentation options of financial information (eg. Balance sheets, income statement formats)
Differences from IFRS if applicable
Political effect on accounting standards
Accounting profession
Examples of financial statements from selected company highlighting unique accounting differences from Canadian GAAP.