Applications

Abstract

The fifth chapter, Chapter 5, embraces two sections and shows the applications. The first section provides some analytical applications using the pillars of the game theory-rhetoric. The second section documents some real-life applications in connection with international corporate financial corporate reporting while giving a special glance to IAS 12. Although the second chapter exerts a special focus to the relationship of GING with IFRS and IAS, both the sections present numerous cases of real-life implications of GING on corporate financial reporting implementations along with international corporate financial reporting regimes. Building on IAS 12, Chapter 5 tackles the discussion of deferred taxes and presents the implications for accounting and taxable profit figures while considering several real-life cases with varyingfinancial reporting tools, options and strategies.