КВАЛИТЕТ ФИНАНСИЈСКОГ И НЕФИНАНСИЈСКОГ ИЗВЕШТАВАЊА: ИЗАЗОВИ, СТАЊЕ И ПЕРСПЕКТИВЕ
THE QUALITY OF FINANCIAL AND NON-FINANCIAL REPORTING: CHALLENGES, STATE AND PERSPECTIVES

Author(s): Kristina Peštović
Subject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: financial reporting; non-financial reporting; quality;
Summary/Abstract: Business decision-making is based on the use of financial reports and non-financial information. The quality of financial reporting, as 'well as the quality of non-financial reporting, become key factors adequate for business decision-making, and factors of company growth and development. This paper presents the analysis of the quality of financial statements of companies registered in the Autonomous Province of Vojvodina and the Republic of Srpska according to the requirements of IAS 2 -Inventories. For example, information on accounting policies regarding inventory is not disclosed in 12.96% of companies in AP Vojvodina and 18.04% of companies in Republic of Srpska. These and other results of the research indicate to the need of improvement quality of financial reporting regarding to the disclosure of mandatory information of IAS 2 - Inventories. Beside the improvement the requirements regarding the financial reporting system, nowadays, companies must also meet the requirements regarding non-financial reporting, which are becoming mandatory in an many countries.

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