Счетоводна и финансова отчетност за малки, средни и микро- предприятия в Албания
Accounting and Financial Reporting for Small and Medium-Sized Enterprises and Microenterprises in Albania

Summary/Abstract: Recent progress and regional integration of the Albanian economy have present-ed a lot of challenges for the SME-s and the microenterprises in Albania. One of the challenges, namely the regulation of the financial reporting framework for SME-s and micro entities becomes the focus of this study and it discusses the problems that microenterprises face when required to comply with the new accounting regulations. The authors find that these entities experience increased costs of reporting and lack the proper experience to successfully handle the transition toward the new accounting regime. For ensuring a correct implementation of the new accounting rules and for increasing the awareness of the micro-enterprises about the importance of qualitative financial information a close cooperation among the involved parties is needed. The authors recommend that academic institutions, professional organizations and accounting regulatory bodies in Albania undertake trainings in order to enhance the knowledge on the new accounting rules.

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