WORKING GROUPS

BACH Working Group

BACH WG is responsible for the management of the BACH database, which contains aggregated and relatively harmonized accounting related data of non-financial incorporated enterprises for European countries. In particular, the WG is devoted to the maintenance, update and promotion of BACH, as well as to the development of related products. The WG must actively participate in the discussion about the importance and the economic and financial situation of European companies.

You may access the BACH database and find more information on BACH database in the documents “Brochure” (about database content) and “Userguide” (about technical insights) available free of charge at the BACH website

ERICA Working Group

The Working Group primarily focuses on the impact of the International Financial Reporting Standards (IFRS), issued by the IASB, on the accountancy of non financial corporations and their effects on the European central balance sheet data offices´ databases and questionnaires, trying to assess both potential opportunities and risks. To that end, the group has developed IFRS-compliant standard formats (using for that purpose the IFRS Taxonomy defined by the  IASB-XBRL Team) and created the ERICA (European Records of IFRS Consolidated Accounts) database. This database includes around 1.000 non-financial groups listed of the participating countries (Austria, Belgium, France, Italy, Germany, Greece, Portugal and Spain).

 

Financial Statement Analysis Working Group

The scope of the Financial Statement Analysis Working Group is common microeconomic research on specific topics of the economic and financial situation of non-financial entities in an international setting. Such research can include any field of financial statement analysis like profitability, equity endowment, liability structure or asset composition. Structural, cross-sectional and time-series analyses are mainly applied. When producing cross-country figures, the working group also investigates whether accounting or institutional characteristics can explain differences in the results.

Currently, the group is conducting research on trade credits. Among others, the distributions of the commonly used financial ratios Days Sales Outstanding, Days Payable Outstanding and Trade Credit Balance are investigated in more detail. Members for this research are representatives from Austria, Belgium, France, Germany, Italy, Poland, Portugal, Spain and Turkey.

The working group has produced four studies altogether in the past. The last research paper, "Profitability, Equity Capitalization and Net Worth at Risk - How resilient are non-financial corporations in a crisis environment?", was published in January 2013 (under the old name Study Group of the ECCBSO) and dealt with companies reaction to the financial crisis in main financial key ratios.

 

Risk Assessment Working Group

The Risk Assessment Working Group was set up in 1987 in order to draw up the so called White Paper on corporate analysis in Europe and to draft reports on the analysis of stocks and flows conducted in the various central balance-sheet data offices. The group then expanded its project and, since 1999, its members have been working in cooperation with the related divisions of the European Central Bank, homogenising the  risk analysis carried out by Central Banks.These analyses mainly concern the corporations whose liabilities have been taken as collateral in monetary policy operations. The group has also carried out research on default prediction models and, jointly with the ECAF Task Force, has developed studies on technical details of the future ECAF (European Credit Assessment Framework).

Structural assessment of firms' Working Group

The decision to create the Structural assessment of firms’ Working Group in 2015 came as the result of the fact that the available information on firms mainly comes from administrative sources. Since the needs of the administration differ from one country to the other, the content and the format of the available information on businesses can differ as well. The ambition of this Working group is to assess to what extent these differences impact on business statistics. Building on the experience of the existing ECCBSO Working Groups and on the existing national documents, the objective is to make all this information easily available to the users of business statistics; as to make them aware of the scope and limitation of each system of accounts, all the more when it comes about international comparisons.