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Financial Statement of Micro-enterprises: Continually Open Question
[Finanční výkaznictví mikro-podniků: stále otevřená otázka]

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  • Dana Kovanicová

Abstract

In spite of the fact, that micro-enterprises are irreplaceable business entities in every country, there was not a relevant attention to them in former years. They were loaded with administrative and others burdens that did not correspond to their nature. Paper goes out from this recognition and deal with what sort of financial statement is appropriate to micro-entities. To this intent, the micro-entities are first defined according to IASB concept and EU jurisdiction, a deeper analysis is provided consecutively by means of various classifications and determination of the most relevant users. Paper criticises the IFRS for PE project as inappropriate and recommends creation of a national project oriented exclusively on microenterprises and users needs. Present situation in CZ is indicated at the end.

Suggested Citation

  • Dana Kovanicová, 2008. "Financial Statement of Micro-enterprises: Continually Open Question [Finanční výkaznictví mikro-podniků: stále otevřená otázka]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2008(3), pages 6-19.
    • Handle: RePEc:prg:jnlcfu:v:2008:y:2008:i:3:id:276:p:6-19
    DOI: 10.18267/j.cfuc.276
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    References listed on IDEAS

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    1. Mead, Donald C. & Liedholm, Carl, 1998. "The dynamics of micro and small enterprises in developing countries," World Development, Elsevier, vol. 26(1), pages 61-74, January.
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    More about this item

    Keywords

    Private enterprises; Micro-entities; Financial statement; IFRS for PE; Privátní podniky; Mikro-entity; Finanční výkaznictví; IFRS pro PE;
    All these keywords.

    JEL classification:

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

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