The orientation of the EC accounting directives and (in practice) the IAS IFRS to corporations on the one hand and their extension to the limited liability company and u0026 co. on the other hand raises two firstly, what is the justification for the (subsequent) inclusion of the limited liability company and u0026 co. in the EC accounting conventions, and, secondly, is it possible to subject both types of company to the same accounting rules without differentiation, i.e. regardless of their special company law features.