The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Slovenia

Novak, Aleš; Valentincic, Aljosa

doi:10.1080/17449480.2017.1300675

Cited by 4 publications

(2 citation statements)

References 7 publications

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“…Since Slovenia joined the European Union, the European Directives had to be introduced into Slovenian law. For this reason the revised SAS were published in 2005 (for more details about the historical development of SAS see Garrod & Turk, 1995;Novak, 2008;Jerman & Novak, 2014;Novak & Valentinčič, 2017). The last revision followed in 2015, when SAS 2016 were issued (in force from 1 January 2016).…”

Section: Accounting Rules In "Slovenski Računovodski Standardi -Srs [mentioning

confidence: 99%

“…The present paper contributes to the literature in emerging economies (for more details see for example Garrod & Turk, 1995;Novak, 2008;Hopper et al, 2009;Odar et al, 2015;Novak & Valentinčič, 2017) by examining the development of accounting in an emerging country. Particularities of the Slovenian environment will illustrate international diversity and as such could be of interest to an international readership.…”

Section: Introductionmentioning

confidence: 97%

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Accounting by SMEs – Evidence from Slovenia

Jerman¹

2017

JAMIS

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Abstract:The paper aims to investigate the characteristics of financial reporting and management accounting by Slovenian Small and Medium-sized Entities (SMEs), which represent 99.8% of all Slovene enterprises. The paper examines the most important legal bases for external financial reporting of SMEs, rules in national accounting standards and their close linkage with taxation. The paper highlights how Slovenia adopted the relevant European Union (EU) Directives and emphasizes the particularities of the Slovenian environment that demonstrate diversity at the international level. The paper raises issues concerning lenient requirements on accounting practitioners' qualifications and a lack of supervision of financial statements. We then provide a literature review of relevant studies in the field of financial and management accounting. The financial accounting literature seems to be more developed than that of management accounting. Studies reviewed in this paper mainly focused on the link between financial accounting and taxation, indicating that the use of accounting discretion is motivated by the effort to minimize taxation.

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Section: Accounting Rules In "Slovenski Računovodski Standardi -Srs [mentioning

confidence: 99%