THE IMPACT OF IMPAIRMENT OF RECEIVABLES ON THE REALITY OF FINANCIAL REPORTING IN THE REPUBLIC OF SERBIA
Abstract:
The paper discusses theoretical and practical aspects of calculating impairment of receivables in relation to the reality of financial reporting. The aim is to investigate the practice of calculating impaired receivables of the legal persons in the Republic of Serbia, with the aim to identify any failure (irregularities) that may affect the quality of financial reporting. Many business entities have a large number of individual small buyers. The research herein conducted reveals that very few legal persons who determine impairment of receivables claim in the proper way, by treating a large number of individual small buyers as one portfolio. In this sense, we believe that the content of the paper and conclusions arising from it would encourage accountants to change the way of calculating impairment of receivables.
CITATION:
IEEE format
K. Vićentijević, Z. Jović, Z. Petrović, “THE IMPACT OF IMPAIRMENT OF RECEIVABLES ON THE REALITY OF FINANCIAL REPORTING IN THE REPUBLIC OF SERBIA,” in FINIZ 2015 - Contemporary Financial Management, Belgrade, Singidunum University, Serbia, 2015, pp. 49-52. doi: 10.15308/finiz-2015-49-52
APA format
Vićentijević, K., Jović, Z., Petrović, Z. (2015). THE IMPACT OF IMPAIRMENT OF RECEIVABLES ON THE REALITY OF FINANCIAL REPORTING IN THE REPUBLIC OF SERBIA. Paper presented at FINIZ 2015 - Contemporary Financial Management. doi:10.15308/finiz-2015-49-52
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