HGB Accounting

Apply HGB as the default framework for German single-entity statutory accounts unless the user explicitly asks for IFRS or the case is a capital-market-oriented consolidated reporting scenario.

Core principles

Use these principles in analysis and output:

• Vollstaendigkeit, Richtigkeit, Klarheit, Einzelbewertung, Stetigkeit
• Vorsichtsprinzip under §252 Abs. 1 Nr. 4 HGB
• Realisationsprinzip and Imparitaetsprinzip
• Niederstwertprinzip for asset valuation where applicable

Framework selection

1. Identify the legal form and whether the request concerns Einzelabschluss or Konzernabschluss.
2. For GmbH, UG, AG, KG, OHG, and e.K. single-entity statutory reporting, default to HGB.
3. For capital-market-oriented consolidated reporting, flag IFRS relevance under §315e HGB.
4. If the user mixes frameworks, say so explicitly and separate HGB from IFRS treatment.