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- Title
UTJECAJ VREMENSKIH RAZGRANIČENJA NA KVALITET FINANSIJSKOG IZVJEŠTAVANJA.
- Authors
Osmančević, Jagoda; Osmančević, Amir
- Abstract
Today's dynamic environment requires tremendous flexibility in all aspects of business operations, including the presentation of financial statements. Demand for true, fair, and realistic information, obtained from the financial statements, from day to day is more abundant and sharper. True, fair and realistic information prevents making wrong decisions of all users of financial statements and send the wrong signal. Contemporary accounting daily discovering new methods of preventing the manipulation of financial statements through a set of rules, regulations, policies and procedures. One of these methods applies to the use of prepayments and accrued income and costs and deferred revenues. Prepayments and accrued income and costs and deferred revenues are the positions in accounting by which business events related to income and expense none operatively activities are recognized at that time (accounting) period when they arise or when it will occur, regardless of time period in which they are registered (recorded).
- Subjects
FINANCIAL statements; PREPAYMENT of debts; LIABILITIES (Accounting); DEFERRED credit; ACCOUNTING
- Publication
Business Consultant / Poslovni Konsultant, 2011, Vol 3, Issue 10, p73
- ISSN
1986-5538
- Publication type
Article