The BilMoG represents the largest reform of accounting law in 25 years. Commercial law is significantly altered. Creditor protection is restricted, creating an informational function for the knowledgeable reader. An approach to the Anglo-Saxon accounting system forces lawmakers to navigate a tightrope between old valuation principles and a renewal of commercial law. The deregulation of commercial accounting for small and medium-sized enterprises, the introduction of fair value accounting for banks, and new depreciation rules fundamentally change the German accounting landscape. This book describes the effects of Section 253 HGB-E on initial and subsequent valuation of assets and liabilities in the commercial balance sheet. In particular, it focuses on fixed assets, current assets, and provisions.