Original scientific paper

Impact of Globalisation on Harmonisation of Financial Reporting for SMEs

Ivana Mamić Sačer ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Nikolina Smrekar ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Katarina Žager ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Abstract

Small and medium-sized enterprises form a dominant part of the overall economy in most countries, both in developed and in transition or developing countries. Consequently, as a result of globalisation and the increasing role played by small and medium-sized enterprises, the need for harmonisation and standardisation of financial reporting is of particular importance for this segment of entrepreneurship. This paper focuses on financial reporting of small and medium-sized enterprises under the conditions of globalisation, and discusses recent international solutions in the field of financial reporting for small and medium-sized enterprises.

Keywords

globalisation; harmonisation; financial reporting; international accounting standards; SMEs

Hrčak ID:

78708

URI

https://hrcak.srce.hr/78708

Publication date:

1.11.2009.

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