Naslov
SMEs Financial Reporting Harmonization: Back to the Past or to the Future?

Autori
Demartini, Paola ; Mošnja-Škare, Lorena ; Paoloni, Paola

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

Izvornik
Accounting Renaissance Lessons from the Crisis and Looking into the Future. Learning from Histories and Institutions. / - Venecija : Universita Ca'Foscari Venezia, IAAER, 2011

Skup
Accounting Renaissance Lessons from the Crisis and Looking into the Future. Learning from Histories and Institutions.

Mjesto i datum
Venecija, Italija, 03.11.2011. - 05.11.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
local GAAP; Accounting harmonization; IAS adoption; SMEs; financial reporting innovation

Sažetak
Today the debate on accounting and harmonization processes involving small-and medium-sized enterprises (SMEs) is crucial in Europe, where SMEs account for 99, 9 % of the total number of businesses). In response, the International Accounting Standards Board (IASB) issued an International Financial Reporting Standard (IFRS) designed for use by small and medium-sized entities (SMEs) on July 9, 2009. However, some national European standard-setters do not seem to be keen on introducing them. Accordingly, 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 the legislation did not achieve its expected results. Consequently, we will try to explain the reasons hindering SMEs’ accounting harmonization in Europe, and to provide suggestions for future developments concerning accounting harmonization for SMEs.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA