COMPARISON OF ACCOUNTING SYSTEMS FOR MICRO LEGAL ENTITIES IN SLOVENIA AND SERBIA REFERING TO THE NEW EU ACCOUNTING DIRECTIVE
Abstract:
Financial accounting is traditionally oriented towards the recording of the past business events and preparing of financial statements. The informational value of accounting reports is intended for a wide range of users; the owners, financiers, employees, etc. In the domain of small and mediumsized enterprises and entrepreneurs (hereinafter SMEs) practice shows extensive use of information that financial statements can offer and adoption of accounting policies that are critical for planning opportunities, business strategy, capital management, etc. As the SMEs (especially the micro legal entities) represent the majority of economies, this paper explores the legal regulations in the field of accounting and financial reporting for micro companies in Slovenia and Serbia and comparative analysis of the similarities and differences of the regulatory framework and the contents of this regulation, with special emphasis on the complexity of the annual financial reporting in light of the New Accounting Directive (2013/34 / EU).
CITATION:
IEEE format
T. Jovanović, “COMPARISON OF ACCOUNTING SYSTEMS FOR MICRO LEGAL ENTITIES IN SLOVENIA AND SERBIA REFERING TO THE NEW EU ACCOUNTING DIRECTIVE,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 16-19. doi: 10.15308/finiz-2014-16-19
APA format
Jovanović, T. (2014). COMPARISON OF ACCOUNTING SYSTEMS FOR MICRO LEGAL ENTITIES IN SLOVENIA AND SERBIA REFERING TO THE NEW EU ACCOUNTING DIRECTIVE. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-16-19
BibTeX format
Download
RefWorks Tagged format
Download
