Lupa

Show document Help

A- | A+ | Print
Title:The evolution of financial standards for small and medium-sized entities
Authors:ID Jerman, Mateja (Author)
ID Ivankovič, Gordana (Author)
Files:URL http://anale.feaa.uaic.ro/anale/resurse/ctb2jerman.pdf
 
Language:English
Work type:Not categorized
Typology:1.01 - Original Scientific Article
Organization:FM - Faculty of Management
Abstract:According to the growing need for more comparable accounting standards, the beginnings of International Financial Reporting Standards for small and medium sized entities (IFRS for SMEs) can be found in the year 2004. IFRS for SMEs represents for the first time an accounting standard for small and medium-sized companies that can be used globally. The paper aims to examine the historical development of IFRS, the principal institutions linked to their adoption and the harmonization process of standards within the European Union. The main contribution of the paper refers to the evolution of IFRS for SMEs and the main differences between the full IFRS in use and the IFRS for SMEs. The results of the comparative analysis demonstrate that several differences exist between them. Although the aim of the new standard is to assure comparable financial statements for small and medium-sized entities, the presented disadvantages demonstrate that not necessarily its implementation will assure more benefits than the cost that will occur.
Keywords:finančno poročanje, računovodstvo, standardi, mednarodni računovodski standardi, mala podjetja, srednje velika podjetja
Year of publishing:2011
Number of pages:Str. 13-24
Numbering:Tom. 58
PID:20.500.12556/RUP-1963 This link opens in a new window
ISSN:0379-7864
UDC:657.3:006
COBISS.SI-ID:4214487 This link opens in a new window
Publication date in RUP:15.10.2013
Views:3147
Downloads:75
Metadata:XML RDF-CHPDL DC-XML DC-RDF
:
Copy citation
  
Average score:(0 votes)
Your score:Voting is allowed only for logged in users.
Share:Bookmark and Share


Hover the mouse pointer over a document title to show the abstract or click on the title to get all document metadata.

Secondary language

Language:Unknown
Keywords:financial reporting, accounting, standards, IFRS, small and medium-sized companies


Comments

Leave comment

You must log in to leave a comment.

Comments (0)
0 - 0 / 0
 
There are no comments!

Back
Logos of partners University of Maribor University of Ljubljana University of Primorska University of Nova Gorica