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: 

More titles

  • Economic Alternatives for the Transport and Energy Sector in the Crisis with Energy Supplies

    Russia is a major energy and commodity producer. The current conflict in Ukraine escalates inflation to extreme levels causes a disruption and provokes high risks to global growth. Brent oil and natural gas prices spiked early in March before falling back, with Brent oil ending the month at $103 per barrel and European gas prices at ˆ121 per ...

  • Organizational Structures in Management Systems - Science and Practice in Industrial Enterprises

    The article provides a theoretical overview of the nature and role of organizational structures in the enterprise management system. The processes that affect them are considered, as a result of which changes should be made in the organizational structures of enterprises in order to achieve effective management. Management systems are ...

  • Regulatory and Tax Challenges to Cryptoasset Market

    Many potential benefits of crypto assets for the financial sector are widely recognized, including cost savings, improved efficiency and transparency. The proliferation of cryptocurrencies and the remarkable expansion of novel economic practices associated with them pose an unprecedented challenge to established norms of taxation and market ...