УЛОГА КВАЛИТЕТА ФИНАНСИЈСКИХ ИЗВЕШТАЈА И ПЕРФОРМАНСИ ПРЕДУЗЕЋА У ОДРЖИВОСТИ ПОСЛОВАЊА
THE ROLE OF THE QUALITY OF FINANCIAL REPORTS AND COMPANY PERFORMANCE IN BUSINESS SUSTAINABILITY

Author(s): Kristina Peštović, Dejan Jakšić
Subject(s): Business Economy / Management, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: quality of financial reports; company performance; business sustainability;
Summary/Abstract: In the modern business environment, financial reports represent a key information basis for making numerous business decisions. The quality of financial reports is set as a determinant for making adequate business decisions which should result in the efficient allocation of limited resources. If the company compiles quality financial reports that are accurate, timely and contain all information in accordance with the requirements of the regulation, then the company has the opportunity to improve the transparency of operations, attract new investors and business partners, and improve business performance. In this paper, the relationship between the quality of financial reports and the performance of the company as a function of business sustainability will be investigated. In the research part of the paper, an analysis of the quality of the company’s financial reports and the evaluation of the performance of the companies listed on the Banja Luka Stock Exchange will be carried out. The quality of financial reports will be analyzed from the aspect of complete information disclosure according to the requirements of IFRS / IAS. The business performance of the company will be evaluated from the aspects of profitability, indebtedness and liquidity. The results of the research on the relationship between the quality of financial reports and the achieved business performance should indicate the key factors of business sustainability.

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