engleski

International financial reporting standards for the purpose of regional cooperation development

Comparability of business entities' financial information is one of key preconditions for developing business cooperation regionally and globally. In preparing general purpose financial statements for external users of entities with public accountability, International Financial Reporting Standards (IFRSs) are used. Small and medium-sized entities (SME) with no public accountability are to apply IFRS for SME. Implementation of globally accepted accounting standards facilitates strengthening of regional and global business cooperation as well as a more efficient capital allocation.

Financial statements; Accounting standards; IFRSs; IFRS for SMEs

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