Small and medium-sized enterprises form a dominant part of the overall economy in most countries, both in developed and in transition or developing countries. Consequently, as a result of ...globalisation and the increasing role played by small and medium-sized enterprises, the need for harmonisation and standardisation of financial reporting is of particular importance for this segment of entrepreneurship. This paper focuses on financial reporting of small and medium-sized enterprises under the conditions of globalisation, and discusses recent international solutions in the field of financial reporting for small and medium-sized enterprises.
Međunarodni je odbor za računovodstvene standarde u veljači 2007. godine na svojim web stranicama objavio Nacrt standarda za mala i srednja poduzeća i dao ga je cjelokupnoj ekonomskoj javnosti na ...razmatranje. U ovome je radu obrađena većina komentara na Nacrt standarda primljena do kraja 2007. godine. Vodeći računa o potrebama malih i srednjih poduzeća i korisnika financijskih izvještaja, svi su se kreatori složili da su predloženi Međunarodni standardi za mala i srednja poduzeća znatno pojednostavnjeni u odnosu na potpune MSFI. No, isto se tako slažu da je potrebno još mnogo truda uložiti u izradu standarda prije nego što oni zažive u praksi, a to zbog harmonizacije računovodstvenih standarda koja se odvija na globalnoj razini. U radu je obavljena i analiza postojećih računovodstvenih rješenja na primjeru nekoliko zemalja, jer je prilikom analize mogućnosti primjene MSFI za mala i srednja poduzeća u nacionalne regulatorne dokumente potrebno prije svega poći od postojećega stanja koje je aktualno u određenim zemljama.
Small and medium-sized enterprises form a dominant part of the overall economy in most countries, both in developed and in transition or developing countries. Consequently, as a result of ...globalisation and the increasing role played by small and medium-sized enterprises, the need for harmonisation and standardisation of financial reporting is of particular importance for this segment of entrepreneurship. This paper focuses on financial reporting of small and medium-sized enterprises under the conditions of globalisation, and discusses recent international solutions in the field of financial reporting for small and medium-sized enterprises.
The paper presents analysis of 44 middle and large companies from the information and communication industry for the period of 2007 - 2009. The analysis focuses on the influence of liquidity on the ...profitability of selected companies. Authors use year-to-year changes analysis, common-size financial statements analysis and financial ratios analysis. The research results show that the increase in the current ratio influences the increase in gross return on assets. For more detailed analysis, the financial ratios were grouped according to the line of discrimination. More detailed analysis showed that companies with lower current ratio also had lower ROA and companies with higher current ratio generate higher ROA. PUBLICATION ABSTRACT
Numerous differences characterize today systems of financial reporting on international level and cause many problems at understanding financial statements prepared in different countries in the ...World. Because of that, relevant organizations continuously search ways to remove this differences what will bring many benefits, not just for users of financial statements, but also for human resources and companies that produce financial statements, especially in reducing costs of education of accountants, as well as in reducing part of costs related to preparing double set of financial statements according to different accounting standards for companies that have subsidiaries in other countries. To remove existing differences in accounting practice around the World it is very important to identify them. This paper considers present differences in national accounting systems and their influence on financial reporting on global level. Moreover, there are identified instruments that are used for removing differences with a purpose of high quality financial reporting. PUBLICATION ABSTRACT
