Suchergebnisse

The emergence and development of a unified european market imposes a need for harmonization financial reporting of business entites in the European Union. Directives and Regulations are the basic instruments for harmonization of national regulatory frameworks with aquaris, on the one hand, and for hamozication accounting practices among member countries, as well as those which are claiming membership, on the other. According to the model of financial reporting, the countries of Central and Eastern Europe belong or belonged to the mixed economy model. Our country belongs to the same model. In this paper, we will describe the reaches of certain Central and Eastern Europe economies in harmonization of financial reporting in relation to the current regulations of the European Union. Using comparative analysis, we will point out the essential features of the regulatory frameworks of certain national economises. Positive experiences of these countries in the development of accounting regulations could be applied in our country ; Nastanak i razvoj jedinstvenog evropskog tržišta nametnuo je potrebu usklađivanja finansijskog izveštavanja poslovnih subjekata na području Evropske Unije. Evropska Unija putem regulativa i direktiva, kao osnovnih instrumenata, podstiče harmonizaciju nacionalnih računovodstvenih okvira aquaris-om, s jedne, kao i harmonizaciju računovodstvenih praksi između pojedinih zemalja članica, odnosno, zemalja koje pretenduju na članstvo, s druge strane. Zemlje Centralne i Istočne Evrope pripadaju ili su pripadale prema modelu finansijskog izveštavanja tipu mešovite ekonomije, u koji spada i naša zemlja. U ovom radu, sagledaćemo domete određenih zemalja Centralne i Istočne Evrope u harmonizaciji finansijskog izveštavanja u odnosu na aktuelnu regulativu Evropske Unije. Komparativnom analizom ukazaćemo na opšte odlike regulatornih okvira pojedinih nacionalnih ekonomija, čija bi pozitivna iskustva mogla biti primenjena u razvoju računovodstvene regulative naše zemlje.

Quality of financial reporting is the precondition for the effective functioning of capital market due to the globalization of business. In the countries of Eastern and Central Europe, during the period of socialism, accounting and preparation of annual accounts was adapted for needs of planned economy. Today, it is necessary to work on harmonization national with international legislation. Also, they need to promote a culture of financial reporting, because economic entities do not understand the essential role and importance of financial reporting for business potential. In this paper, we consider Slovenia's, Macedonia's and Serbia's normative framework of financial reporting system, in order to give the assessment of the current situation and pointed out the possible directions of improvement of this process. The comparative analysis of legal and professional solutions, which regulates financal reporting system in these countries, we learned some inconsistencies of their legislation in relation to international regulations, especially in the part of financial reporting for small and micro entreprises. In Serbia and Macedonia, perceived insufficient engagement of of professional organizations and bodies, which requires the reaction of the country in terms of defining and monitoring the implementation of regulations governing the conditions and responsibility for performing accounting and auditing work. This would allow business entities to access financial sources under favourable terms, raising their competitive advantages to quality financial information within financial reports, as well as further development of entrepreneurial activity, which is the generator of the most developed economies in the world.