HARMONIZATION OF ACCOUNTING REGULATIONS IN THE EUROPEAN UNION WITH SPECIAL REFERENCE TO THE EU CENTRAL AND EASTERN EUROPEAN COUNTRIES

Dragana Ranđelović, Tadija Đukić

DOI Number
https://doi.org/10.22190/FUEO1802165R
First page
165
Last page
176

Abstract


The emergence and development of a unified european market imposes a need  for harmonization financial reporting of business entites in the European Union. Directives and Regulations are the basic instruments for harmonization of national regulatory frameworks with aquaris, on the one hand, and for hamozication accounting practices among member countries, as well as those which are claiming membership, on the other. According to the model of financial reporting, the countries of Central and Eastern Europe belong or belonged to the mixed economy model. Our country belongs to the same model. In this paper, we will describe the reaches of certain Central and Eastern Europe economies in harmonization of financial reporting in relation to the current regulations of the European Union. Using comparative analysis, we will point out the essential features of the regulatory frameworks of certain national economises. Positive experiences of these countries in the development of accounting regulations could be applied in our country

Keywords

financial reporting, harmonization, Central and Eastern Europe, international accounting regulations

Full Text:

PDF

References


Basheva, S. & Boyanov, B. (2015). Regulation of the Bulgarian Accounting system and Its Future Perspectives, Zeszyty Teoretyczne Rachunkowości, 84 (140), 49-66.

Ernst&Young . (2016). Doing Business in Poland Accounting and Auditing, Poland: EY, Retrieved from: http://www.ey.com/Publication/vwLUAssets/ey-doing-business-in-poland-accounting-and-auditing/$FILE/ey-dbp-accounting-and-auditing.pdf, Accessed on: 02.03.2018.

ESMA. (2015). Report on Enforcement and Regulatory Activities of Accounting Enforcers in 2014, Retrieved from: https://www.esma.europa.eu/sites/default/files/library/2015/11/2015659_activity_report_on_accounting_enforcers_in_europe_in_2014.pdf, Accessed on: 22.02.2018.

Gláserová, J., Otavová M. & Dřǐnovská E. (2017). Impact of Transposition of The Directive 2013/34 EU Into The National Laws of EU Members States Emphatically V4. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 65 (2), 631-639.

Knežević G., Pavlović, V. & Stevanović, S. (2017). Izveštavanje o održivom razvoju – karakteristike, ograničenja i perspektive u Republici Srbiji, [Reporting on Sustainable Development - Characteristics, Disadvantages and Perspectives in The Republic of Serbia]. Poslovna ekonomija, 11 (1), 83-102.

MacLullic K.K. & Gurảu C. (2004), The Relationship Between Economic Performance and Accounting System Reform In The CEE Region: The Case of Poland and Romania, Edinburg: Heriot-Watt University.

Miková T. & Zárová M. (2015). Important Changes in the Czech Accounting Regulatory System, Procedia Economics and Finance, 25, 185-191.

Obradović, V. & Karapavlović N. (2015). Standardi finansijskog izveštavanja u Evropskoj Uniji i Srbiji – komparativna analiza [Financial Reporting Standard in the EU and Serbia – comparative analaysis]. In: Jakšić M., Stojanović Aleksić V., Mimović, P. (Eds), Ekonomski i socijalni aspekti priključivanja Srbije Evropskoj Uniji, (pp.415-425). Kragujevac: Ekonomski fakultet, Univerzitet u Kragujevcu.

Perrin, R., Schӧb R. & Manlache A. (2015). Plan Contabil Chart of Accounts, KPMG, Retrieved from: https://assets.kpmg.com/content/dam/kpmg/ro/pdf/plan-de-conturi-2016-web.pdf, Accessed on: 02.03.2018.

Stojanović-Blab, M., Blab, D. & Spasić, D. (2016). Sustainability Reporting – A Challenge for Serbian Companies. Teme, 40 (4), 1349-1366.

Thomas, W. & Maguire, A. (2014). Changes Ahead for Corporate Sustainability Disclosures Following Publication of New EU Directive, New York: Willkie Farr & Gallagher LLP, Retrieved from: http://www.willkie.com/~/media/Files/Publications/2014/12/Changes_Ahead_for_Corporate_Sustainability_Disclosures_Following_Publication_of_New_EU_Directive.pdf, Accessed on:14.02.2018.




DOI: https://doi.org/10.22190/FUEO1802165R

Refbacks

  • There are currently no refbacks.


ISSN 0354-4699 (Print)

ISSN 2406-050X (Online)