Àccents of Annual Accounting Closure in Non-Financial Enterprises

Authors

Keywords
current reporting, accounting closure, non-financial enterprises, financial statements, accounting policy, inventory

Summary
In the present research we are focusing our attention on some principled and procedural questions about the annual accounting closure in non-financial enterprises applying IAS/IFRS as a reporting base related to preparation and presentation of the annual financial statement. Without claims of exhaustion, the main stages of annual accounting closure are analysed in chronological order, the duration of which depends on specific features of the enterprise itself and the organisation of the accounting process. Emphasis is placed on the inventory of the assets and liabilities whose purpose guarantees the informational authencity which is announced in the annual financial statement.

JEL: Ì41
Pages: 15
DOI: 

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