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EFFECT OF ACCOUNTING POLICIES ON FINANCIAL POSITION OF SMALL AND MEDIUM-SIZED ENTERPRISES
Đurđica Jurić
orcid.org/0000-0002-6532-6031
; RRiF Visoka škola za financijski menadžment, Zagreb, Hrvatska
Sažetak
The application of the corresponding accounting policies, especially the selection of the allowed alternative procedures in accordance with the Croatian Financial Reporting Standards may have a significant effect on valuation of assets, liabilities and capital and consequently on the financial position of small and middle-sized companies. The results of the research have shown that the accounting policy on amortization and revaluation of long term tangible assets may have a considerable effect on the financial position of small and medium-sized enterprises. However, the policies regarding long term intangible assets, reserves and deferred items are also of great importance. The effect of accounting policies on the financial position of enterprises becomes more important in the case when the items of assets, liabilities, income or expenditure which the particular accounting policy refers to become important, especially in the conditions when it is possible to consciously affect the value of balance sheet positions - by choosing an alternative procedure.
Ključne riječi
financial position of enterprises; accounting policies; CFRS; financial reports; small enterprises; middle sized enterprises
Hrčak ID:
143429
URI
Datum izdavanja:
30.6.2014.
Posjeta: 3.633 *