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What accounting standards does Siemens use in calculating the financial statement?

April 26, 2017Accounting calculating financial statement Siemens Standards

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What accounting standards does Siemens use in calculating the financial statement?

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Since October 1, 2006, Siemens’ consolidated financial statements have been prepared in accordance with IFRS (International Financial Reporting Standards) as adopted by the EU and the additional requirements of German commercial law pursuant to § 315a Para. 1 HGB.