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The German subsidiaries of US-American companies are obliged to complete their annual accounts not only according to the German HGB but also according to the US-GAAP and to submit this to the parent company in the USA. Since the US-GAAP regulations differ greatly from those of the HGB, the annual accounts raise a number of questions mainly regarding evaluation and balancing.
The author presents here the general principles of the US-American accounting system, as well as the main positions with regard to approach, evaluation and documentation, above all emphasizing the differences in the two nations ways of balancing. Using numerous case studies he pays particular attention to the special problems of application in practice.

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The German subsidiaries of US-American companies are obliged to complete their annual accounts not only according to the German HGB but also according to the US-GAAP and to submit this to the parent company in the USA. Since the US-GAAP regulations differ greatly from those of the HGB, the annual accounts raise a number of questions mainly regarding evaluation and balancing.
The author presents here the general principles of the US-American accounting system, as well as the main positions with regard to approach, evaluation and documentation, above all emphasizing the differences in the two nations´ ways of balancing. Using numerous case studies he pays particular attention to the special problems of application in practice.

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Winfried Alves berät Unternehmen in den Bereichen internationaler Rechnungslegung mit den Schwerpunkten US-GAAP und IAS/IFRS. Seit 1994 übt er außerdem eine Dozententätigkeit für internationale Rechnungslegung für die FernFachhochschule Hamburg Studienzentrum Essen und seit 2003 für die Steuerfachschule Dr. Endriss Köln aus.

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