Naslov
Consistency principle of accounting policies in hotel companies

Autori
Vlašić, Dubravka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and social development / Lorga Da Silva, Ana ; Merkas, Zvonko ; Resende, David - Varaždin : VADEA, 2022, 419-436

Skup
86th International Scientific Conference on Economic and Social Development

Mjesto i datum
Lisabon, Portugal, 23.09.2022. - 24.09.2022

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Recenziran

Ključne riječi
consistency principle, accounting policy, notes to financial statements, hotel companies

Sažetak
The principle of consistency is considered an important element of accounting policy, as it affects the information published in the notes to the financial statements which is necessary for decision-making. By consistently following accounting policies, companies record processes or transactions based on the same accounting methods cotinuously from one accounting period to the next, making accounting information comparable and useful, which is an important qualitative characteristic of financial statements. The purpose of this paper is to investigate the consistency of accounting policies published in the notes to the financial statements over a period of 10 years (from 2011 to 2020) for the Croatian hotel companies that publish their shares on the financial markets. Data on accounting policies were collected from publicly available notes to financial statement, and content analysis was performed. The research results show that Croatian Hotel companies consistently apply accounting policies and disclose them in the notes to the financial statements in order to provide stakeholders with important information for decision making. Regarding the content of applied accounting policies in hotel companies, it is suggested that the information on accounting policies in the notes to the financial statements should be presented more concisely, systematically and clearly in order to meet the requirements of stakeholders and improve the standardization of the accounting framework for hospitality industry.

Izvorni jezik
Engleski

POVEZANOST RADA