engleski

NEW CHALLENGES FOR SMES FINANCIAL REPORTING IN EUROPE IFRS: vs National GAAP

The aim of our paper is to provide an overview of the debate on SMEs' accounting harmonization. Both Italy and Croatia present interesting case studies because initially their national legislators seemed to be more favorable than other Europeans to spread the IFRS "model" among SMEs. However, in both cases legislation did not achieve its expected results. Accounting harmonisation should not consider SMEs completely apart from larger enterprises, but it must be considered also that the corpus of IASB standards, even the IFRS for SMEs approach, is too complex and too far away from the extant routines, practices and traditions to be implemented by most European SMEs.

Accounting harmonisation; IAS adoption; SMEs

nije evidentirano