Financial reporting in modern business activity conditions Cover Image

Финансиското известувањево современи услови на стопанисување
Financial reporting in modern business activity conditions

Author(s): Tatjana Petkovska, Marija Gulas
Subject(s): Economy
Published by: Економски институт - Скопје
Keywords: financial reports; capital market; internationalization; business activities

Summary/Abstract: Efficient functioning of the capital market understands a quality, prompt, objective, and relevant informing and reporting. In terms of globalization, internationalization, high tecnology development, and international professional regulations the standardized financial reports provide high quality informations of the financial situation of business subjects, their performing, as well as the changes of their financial state. Modern systems of informing refer to financial reporting through presenting financial reports that should be prepared according to international accounting standards. Financial reports should satisfy the function of right allocation of capital. It should be rightfully said that financial reports is inevitable condition for development of modern business activities, efficient capital market, as well as for further improvement of development and growth of business subjects.

  • Issue Year: 11/2009
  • Issue No: 1-2
  • Page Range: 23-38
  • Page Count: 16
  • Language: Macedonian