Naslov
Opportunities and Challenges in the Practical Application of Fair Value Model in the Field of SMEs Financial Reporting

Autori
Széles, Zsuzsanna ; Dečman, Nikolina ; Rep, Ana

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

Izvornik
Modern economy, smart development / Dr. Resperger Richárd PhD ; Dr. Czeglédy Tamás PhD - Šopron : University of Sopron Press, 2019, 475-489

ISBN
978-963-334-348-7

Skup
Nemzetközi tudományos konferencia a Magyar Tudomány Ünnepe alkalmából "Modern gazdaság, okos fejlődés" = International scientific conference, joint event of the Hungarian Science Festival "Modern economy, smart development"

Mjesto i datum
Sopron, Mađarska, 07.11.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Nije recenziran

Ključne riječi
Metoda revalorizacije ; Financijsko izvještavanje ; Računovodstveni standardi ; Mala i srednja poduzeća
(Fair Value Model ; Financial Reporting ; Accounting Standards ; SMEs)

Sažetak
Nowadays, it is often favoured to use a fair value model as more appropriate model than a historical cost model when measuring elements of enterprises financial statements. The basic research question that arises in this paper is whether the benefits of applying the fair value model exceed the costs of its determination for a specific group of businesses that are small and medium-sized enterprises. It is a well- known fact that there are separate accounting standards that are intended to be applied for smaller companies, taking into account the specifics of their business. This research has investigated the similarities and differences between accounting standards applied by enterprises depending on their size, on national and international level. The goal of the research is to compare whether the smaller enterprises are in the same position as large ones. In that context, the current IASB projects regarding the fair value measurement and IFRS for SMEs Standard have been investigated. Based on the comparison between the standards and by the analysis of the IASB projects, it is determined whether the smaller enterprises are overburdened regarding the application of fair value model. Research outcomes could be useful for standard setters in terms of simplification of the requirements prescribed by the accounting standards for smaller enterprises.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This paper is the result of a project called „Current State and Perspectives of Using the Fair Value Measurement in Financial Reporting of Small Enterprises” which was financed by the University of Zagreb as a short-term research support for 2019.

POVEZANOST RADA