IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2016v1p82-86.html
   My bibliography  Save this article

The Importance Of The Adoption And Application Of Accounting Policies Transition Countries With Regard To Companies In Serbia

Author

Listed:
  • ZELJKO GRUBLJESIC

    (PENSION FUND, OFFICE OF PRIJEDOR, VOZDA KARAĐORĐA 2, 79101 PRIJEDOR, BOSNA I HERCEGOVINA)

  • DALIBOR PAVLOVIC

    (HEALTH INSURANCE FUND OF THE REPUBLIC OF SERBIAN, OFFICE OF PRIJEDOR, BOSNA I HERCEGOVINA)

  • RATKO GARIC

    (CRCD, NEMANJINA 60, 74000 DOBOJ, BOSNA I HERCEGOVINA)

  • RAJKO MACURA

    (BANJA LUKA COLLEGE, MILOSA OBILICA 30, 78000 BANJA LUKA, BOSNA I HERCEGOVINA)

  • VESNA PETROVIC

    (UNIVERSITY UNION NIKOLA TESLA, CARA DUŠTANA 62-64, 11000 BELGRADE, SERBIA)

Abstract

Accounting policy should be seen as a framework within which policy is formed to keep business events with the primary objective of increasing safety, especially financial reporting of management. Some management companies is who is responsible for the end result of the economic activity of enterprises run by. To be able to reliably managed by the company shall have a built in system management and logging of all activity in the company, it is necessary to respect the recommendations of the internal control and audit and external audit recommendations. The accounting policy is closely related to the implementation of IAS/IFRS, which are more practical use in the Republic of Serbia starting from 2002. Greater application of these standards, companies must make changes to the accounting policies as it begins to implement the increasing number of requirements of the standard in the field of increase of caution, especially in the context of recognition and accreditation. Practically the back door is introduced replacing "the concept of historical cost" (caution), "the concept of fair value" (neutrality). The emergence of large financial and global crisis of 2008, a growing number of actors want to be informed through the financial statements of the real and the real situation in the companies, which are trying to raise the level of protection above all creditors and investors. Also in the first half of 2013, and the state wants to ensure protection management in the public sector and imposes solutions obligatory presence of Internal Auditors of the public sector in public enterprises.

Suggested Citation

  • Zeljko Grubljesic & Dalibor Pavlovic & Ratko Garic & Rajko Macura & Vesna Petrovic, 2016. "The Importance Of The Adoption And Application Of Accounting Policies Transition Countries With Regard To Companies In Serbia," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 82-86, February.
  • Handle: RePEc:cbu:jrnlec:y:2016:v:1:p:82-86
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2016-01/12_Grubljesik.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Niclas Hellman, 2008. "Accounting Conservatism under IFRS," Accounting in Europe, Taylor & Francis Journals, vol. 5(2), pages 71-100, December.
    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. Tamer Elshandidy & Ahmed Hassanein, 2014. "Do IFRS and board of directors' independence affect accounting conservatism?," Applied Financial Economics, Taylor & Francis Journals, vol. 24(16), pages 1091-1102, August.
    2. Juniarti, 2018. "The Accounting Conservatism of the Adoption of IFRS in Indonesia," GATR Journals afr162, Global Academy of Training and Research (GATR) Enterprise.
    3. Jan Hájek, 2020. "Effect of tax deductibility on technical reserves recognized by Czech and Slovak insurance companies [Vliv daňové uznatelnosti na výši technických rezerv tvořených českými a slovenskými pojišťovnam," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2020(3-4), pages 25-37.
    4. Liliana Feleagă & Voicu D. Dragomir & Niculae Feleagă, 2010. "National Accounting Culture And The Recognition Of Provisions: An Application Of The Prudence Principle," Post-Print hal-00481581, HAL.
    5. Panayotis Manganaris & Jordan Floropoulos & Irini Smaragdi, 2011. "Conservatism and Value Relevance: Evidence from the European Financial Sector," American Journal of Economics and Business Administration, Science Publications, vol. 3(2), pages 259-269, April.
    6. Dargenidou, Christina & Jackson, Richard H.G. & Tsalavoutas, Ioannis & Tsoligkas, Fanis, 2021. "Capitalisation of R&D and the informativeness of stock prices: Pre- and post-IFRS evidence," The British Accounting Review, Elsevier, vol. 53(4).
    7. Wakil, Gulraze & Petruska, Karin A., 2022. "Does mandatory IFRS adoption affect large and small public firms' accounting quality differently? Evidence from Canada," Advances in accounting, Elsevier, vol. 57(C).
    8. Jan Hájek, 2020. "Effect of tax deductibility on technical reserves recognized by Czech and Slovak insurance companies [Vliv daňové uznatelnosti na výši technických rezerv tvořených českými a slovenskými pojišťovnam," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2020(3-4).
    9. Philip Beaulieu & Louise Hayes & Lev M. Timoshenko, 2023. "Changes in accounting estimates: An update of priors or an earnings management strategy of “last resort”?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(3-4), pages 622-659, March.

    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:cbu:jrnlec:y:2016:v:1:p:82-86. 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: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    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.