САВРЕМЕНИ ПРИСТУП ПОСЛОВНОМ ИЗВЈЕШТАВАЊУ У ФУНКЦИЈИ ЗАДОВОЉЕЊА ИНФОРМАЦИОНИХ ПОТРЕБА СТЕЈКХОЛДЕРА-ОСВРТ НА ЦРНУ ГОРУ
THE MODERN APPROACH TO BUSINESS REPORTING IN THE FUNCTION OF SATISFYING THE INFORMATION NEEDS OF STAKEHOLDERS-REVIEW OF MONTENEGRO

Summary/Abstract: The business environment in which the reporting entity performs its activity has undergone, and is still going through, significant changes created due to the influence of a large number of factors. In such, changed circumstances of doing business, the traditional approach to financial reporting has no strength to respond to a satisfactory degree to the increasing demands of the balance sheet addressees. In fact, the users of the reports demand more complete information, reinforced by non-financial content,that have a strategic dimension and are in addition future oriented. It is clear that the existing information offer cannot satisfy the needs of interested groups – stakeholders; therefore, many companies had engaged in a transformation of the classic model of financial reporting and created a new, integrated approach to financial reporting. In the context of the aforementioned, the goal of this paper is to point to the: a) informational powerlessness of the traditional system of financial reporting in the function of creation and maintenance of values for the stakeholders; b) the need to create a more comprehensive approach that integrates the financial aspect of the business with all the relevant information, strategies, risks and the ecological, social and economic dimension of the business; c) the reached level of financial reporting in Montenegro as well as to provide a review of the (in)achievements with regards to the latest evolutionary stage in the corporate reporting of the companies in Montenegro.

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