Original scientific paper
THE QUALITY OF NOTES RELATING SME REVENUES AND EXPENDITURES DISCLOSURES: EMPIRICAL STUDY OF CROATIAN FINANCIAL REPORTING STANDARS (CFRS) IMPLEMENTATION
Lorena Mošnja Škare
Adriana Galant
Abstract
This paper explores the quality of Croatian SMEs financial
reporting notes relating disclosures upon revenues
and expenditures, examining in such a way the
level of CFRS implementation in this selected field of
reporting. The goal is to determine the level of CFRS
implementation in the selected field of reporting,
over the SMEs group to notice any difference in their
application between small and medium entities in
order to assess their applicability for smaller entities.
The notes contents and quality were found significantly
correlated with SME size, raising the questions
upon the CFRS requirements applicability by small,
particularly the smallest micro-entities.
Keywords
financial reporting standards; notes; SME; revenues; expenditures
Hrčak ID:
133137
URI
Publication date:
1.12.2013.
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