REGULATIVA I FINANSIJSKO IZVEŠTAVANJE U EKONOMSKOJ KRIZI
Author(s): Sonja Đuričin, Grozdana Belopavlović, Gordana Vukelić
FINANCIAL REGULATIONS AND REPORTING IN ECONOMIC CRISIS
Published by: Naučno društvo za promociju i unapređenje društvenih nauka AKROASIS
Keywords: The Law on Accounting and Auditing; Regulations; International Accounting Standards; Financial Statements; Balance Sheet; Income Statement; Balance Sheet Cash Flows.
Summary/Abstract: The national legal framework that regulates the field of accounting provides for legal entities to: prepare, present, deliver and disclose financial statements in accordance with legal, professional and internal regulations. Accounting profession in each country is responsible for the quality of reporting and disclosure of data and information. Legal obligation of companies is periodically, usually annually, reporting on the financial position, yield power of companies and changes in financial position. All the necessary information needed to internal and external customers in order to make business decisions are contained in a set of financial statements, which, each in their own field, provide them with valuable information about business. Neither one report do not provide customers with all the information for its specific needs, but on the whole, certain set of accounting reports provide a complete picture of a business enterprise.
- Issue Year: 2010
- Issue No: 1
- Page Range: 305-315
- Page Count: 10
- Language: Serbian