The Application and Impact of IAS 16 and IAS 38 on Financial Reporting: A Comparative Analysis of L’Oréal and Beiersdorf

Abstract

This thesis provides an overview of the application and impact of IAS 16 and IAS 38 on the financial statements of L'Oréal Group and Beiersdorf AG. It analyzes how these standards are applied in each company, highlighting key similarities and differences in their financial statements. The thesis reveals the impact of these standards on asset management and financial health, supported by financial data of companies and comparative assessment. The results show the most important elements of such standards in the issue of transparency and strategic asset management in the beauty industry. This paper helps to understand the importance of IFRS in shaping global financial practice.