hgb-standards

Apply German GAAP (HGB) rules to financial reporting and GoB.

2|1|Updated Mar 14, 2026

Search Tags:#valuation #financial-reporting #depreciation #german-gaap #hgb #goB #deferred-taxes

Ready to run

npx skills add https://github.com/brainbytes-dev/everything-claude-finance --skill hgb-standards

💬 Prompt for ChatGPT / Claude Chat▼

Please help me install this Agent Skill.
Skill: hgb-standards
Source: https://github.com/brainbytes-dev/everything-claude-finance/tree/main/skills/accounting/hgb-standards
Command: npx skills add https://github.com/brainbytes-dev/everything-claude-finance --skill hgb-standards

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

German accounting rules are complex; this skill distills HGB, GoB, and the Maßgeblichkeitsprinzip into actionable guidance for compliant German financial reporting.

Core Features & Use Cases

HGB guidance: Apply statutory requirements to balance sheets, P&L, and notes.
Practical implementations: Illustrates valuation, depreciation, provisions, and deferred taxes under BilMoG.
Use Case: A German GmbH uses this to prepare its year-end reports aligned with HGB and tax rules.

Quick Start

Instruct Claude to summarize the key HGB differences for a GmbH, focusing on Maßgeblichkeitsprinzip and depreciation.

Frequently Asked Questions about hgb-standards

High-intent search queries and answers about installing and using this skill.

FAQPage Schema

How do I apply the Maßgeblichkeitsprinzip when preparing HGB financial statements?▼

The Maßgeblichkeitsprinzip links HGB commercial accounting to tax accounting, meaning tax valuations generally follow commercial accounting choices. This skill clarifies how to apply that linkage across asset valuation, provisions, and depreciation for compliant German GAAP reporting.

What is the difference between HGB and IFRS for German GmbH depreciation?▼

HGB depreciation follows German GAAP principles like Realisationsprinzip and the Maßgeblichkeitsprinzip, whereas IFRS uses fair value and component-based approaches. This skill provides HGB-specific guidance for statutory depreciation aligned with German tax rules.

How do I account for deferred taxes under BilMoG in HGB financial reporting?▼

Deferred taxes under BilMoG require recognizing deferred tax assets (DTA) and liabilities (DTL) in HGB financial statements. This skill explains how to handle DTA and DTL measurement and disclosure in compliance with German GAAP.

Can I use this HGB guidance for partnership financial reporting or is it limited to GmbH and AG?▼

HGB guidance in this skill applies to German entities of various forms, including GmbH, AG, and partnerships. It covers asset valuation, provisions, and depreciation requirements applicable across these entity types for compliant year-end reporting.

When do I need to recognize provisions under German GAAP and GoB rules?▼

Provisions under German GAAP and GoB must be recognized when obligations are probable and reliably measurable at the balance sheet date. This skill illustrates practical provision recognition aligned with HGB statutory requirements and BilMoG implications.

Why does the Realisationsprinzip matter for HGB asset valuation?▼

The Realisationsprinzip under HGB prohibits recognizing unrealized gains and requires asset valuation at historical cost less depreciation. This skill distills how this GoB principle governs balance sheet valuations and P&L timing under German GAAP.