Abstract
Following the Industrial Revolution in 1850's, the traditional German accounting pratices were influenced by banks. Indeed, for almost a century, banks had been the major financing sources for enterprises. After the WWII, the internationalization of the markets have bought in the system of equity financing among enterprises and this evolution has also affected the financial reporting rules. In the United States and other first world countries, the equity financing governed the financial reporting standards in such a way that the investors had access to right information about the financial situation of the company in which they had invested.
