- To the extent that the individual anticipated useful life of an internally created intangible asset or of goodwill acquired for valuable consideration cannot be reliably estimated, the cost of this asset is to be amortized over a typified period of ten years.
- For a subsidiary to be released from the accounting obligation under the provisions of section 264 ff. of the German Commercial Code and the obligation to audit and disclose annual financial statements, from now on the EU/EEA parent company that prepares the exempting consolidated financial statements and the exempting group management report must state that in the following financial year, it is willing to assume responsibility for the obligations entered into by the subsidiary up to the date of such exempting financial statements. The grounds for the recommended resolution by the Bundestag Committee for Law and Consumer Protection state that to meet this requirement "as a rule, a statutory assumption of losses pursuant to a management control or profit transfer agreement under section 302 of the Stock Corporation Act and the fact that the companies in the group are all affiliates […] will continue to be sufficient evidence of this duty to assume responsibility" and that "the elimination of the reference to section 302 of the Stock Corporation Act does not make it necessary to change current practice".
- The monetary thresholds for the determination of the sizes under § 267 of the German Commercial Code or the exemption from the duty to prepare consolidated financial statements under § 293 of the German Commercial Code are raised between approximately 4% and 24%.
- From now on, financial holding companies will no longer be able to take advantage of the relief for microenterprises.
- The definition of revenues is expanded such that the recognition of income under revenues no longer requires that the income result from sales of the products and goods or from the provision of services that are typical of the company's line of business. On the other hand, from now on, taxes directly related to sales (such as energy tax) must be deducted from income along with sales deductions and rebates and VAT.
- Extraordinary income and expense is no longer permitted to be recognized in separate items on the income statement. Instead, companies that are at least mid-sized must make disclosures in the Notes on the individual income and expense items of exceptional size or significance, unless the amounts are of minor importance.
- In connection with the elimination of separate recognition of extraordinary income and expense in the income statement, recognition of the result from ordinary activities has also been eliminated. From now on, the line item "income tax" is to be followed by "earnings before taxes".
- From now on, companies that are at least mid-sized and recognize deferred tax liabilities must make quantitative disclosures in the Notes regarding the deferred tax balances and how they have changed from the previous year.
- The report on post-balance sheet event, which has thus far been included in the Management Report, will now be included in the Notes. Material differences result from the elimination of the requirement to disclose events of special significance that were already disclosed in the balance sheet or the income statement and the elimination of the disclosure of the financial effects of events of special importance.
The most recent comprehensive overhaul of German accounting law occurred in 2009, with the Accounting Law Reform Act (BilMoG). The new Accounting Directive Implementation Act (BilRUG) is the first revision of accounting principles since that time to go beyond making a few changes here and there.