IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v1y2021i23p11.html
   My bibliography  Save this article

FINANCIAL REPORTING QUALITY AT SMEs - A THEORETICAL APPROACH

Author

Listed:
  • Eleonóra BUDAI

    (Assistant ,University of Pecs)

  • Ervin DENICH
  • Dániel HAJDU

Abstract

Financial statements are an organized set of data, which are required to be disclosed for each financial year in accordance with internationally accepted standards (IFRS) and / or the country-specific generally accepted accounting principles (GAAP). This published dataset, accessible to all, will be re-used and may form the basis for additional obligations such as taxation, decisions, analyses, statistics, etc. In view of this, quality expectations have been formulated in the regulation and on the part of users in connection with the financial statements. Research topics related to quality expectations can be found continuously in accounting journals. Particular emphasis has been and is being placed on these researches in connection with the scandals affecting various accounting fields periodically. Research on the financial reporting quality focuses mainly on listed companies. Such studies of financial reporting qualities in small-, and medium size enterprises (SMEs) are rare, despite the fact that in terms of their number, these companies make up a larger proportion of operating enterprises in almost all countries. In the framework of the present research, we review and systemize the different approaches to the financial reporting quality based on the studies published from 2010 to the present. We examine the relevance of these identified quality aspects in the case of SMEs. We also examine, whether these methods used to examine the financial reporting quality of listed companies in particular are suitable and applicable for SMEs. Our explore extends the research on the financial reporting quality to SMEs. By analysing the relevance of quality aspects and the adaptability of testing methods, it makes a significant contribution to the knowledge base of this limited researched topic.

Suggested Citation

  • Eleonóra BUDAI & Ervin DENICH & Dániel HAJDU, 2021. "FINANCIAL REPORTING QUALITY AT SMEs - A THEORETICAL APPROACH," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(23), pages 1-11.
  • Handle: RePEc:alu:journl:v:1:y:2021:i:23:p:11
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/2320211/11.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jens‐Erik Mai, 2013. "The quality and qualities of information," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 64(4), pages 675-688, April.
    2. Jens-Erik Mai, 2013. "The quality and qualities of information," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 64(4), pages 675-688, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nor Athirah Azemi & Hazlifah Zaidi & Norhayati Hussin, 2017. "Information Quality in Organization for Better DecisionMaking," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(12), pages 429-437, December.
    2. Moshe Maor, 2020. "Policy over- and under-design: an information quality perspective," Policy Sciences, Springer;Society of Policy Sciences, vol. 53(3), pages 395-411, September.
    3. Claudia Rodríguez-Hidalgo & Diana Rivera-Rogel & Luis M. Romero-Rodríguez, 2020. "Information Quality in Latin American Digital Native Media: Analysis Based on Structured Dimensions and Indicators," Media and Communication, Cogitatio Press, vol. 8(2), pages 135-145.
    4. Marek Stawowy & Stanisław Duer & Jacek Paś & Wojciech Wawrzyński, 2021. "Determining Information Quality in ICT Systems," Energies, MDPI, vol. 14(17), pages 1-18, September.

    More about this item

    Keywords

    reporting quality;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:1:y:2021:i:23:p:11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan-Constantin Danuletiu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.