engleski

International Accounting Solutions and Guidance for Small and Medium-sized Entities

Harmonization and standardization of financial reporting of small and medium-sized entities is complicated and very demanding task. This paper gives review of some interesting and very important issues such as classification criteria, accounting regulative for small and medium-sized entities which differ in specified countries (Great Britain, Ireland, Slovenia, China, etc.). Although beside these here mentioned countries that have developed their own national accounting standards for SMEs there are majority of other countries in which usage of International Financial Reporting Standards (IFRS) is obligatory for all entities regardless of their size. The main goal of this survey is to give accounting solutions and some useful guidance for the segment of small and medium-sized entities.

harmonization; qualitative criteria; quantitative criteria; guidance for small and medium-sized entities; national vs. international standards

nije evidentirano