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Vol 8, Issue 2, 2018
Pages: 578 - 588
Review paper
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INTERNACIONALNI UNIVERZITET TRAVNIK U TRAVNIKU
EKONOMSKI FAKULTET TRAVNIK U TRAVNIKU
PRAVNI FAKULTET TRAVNIK U TRAVNIKU
FAKULTET ZA MEDIJE I KOMUNIKACIJE TRAVNIK U TRAVNIKU

u saradnji sa

MIT UNIVERZITET SKOPLJE, SJEVERNA MAKEDONIJA
VEVU, VELEUČILIŠTE LAVOSLAV RUZIČKA U VUKOVARU, HRVATSKA
VELEUČILIŠTE VIMAL, SISAK, HRVATSKA
CKKPI, TRAVNIK, BOSNA I HERCEGOVINA

organizuju

31. MEĐUNARODNU KONFERENCIJU

EKONOMSKE, PRAVNE I MEDIJSKE INTEGRACIJE BOSNE I HERCEGOVINE I ZEMALJA ZAPADNOG
BALKANA KAO KLJUČNI POKRETAČ EUROPSKIH VRIJEDNOSTI

12. – 13. decembar 2025. godine

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Received: 02.12.2018. >> Accepted: 05.12.2018. >> Published: 14.12.2018. Review paper

FINANSIJSKO IZVEŠTAVANJE KAO DETERMINANTA PRIVREDNOG RAZVOJA - PROŠLOST U FUNKCIJI PROJEKCIJE BUDUĆNOSTI/FINANCIAL REPORTING AS A DETERMINANT OF ECONOMIC DEVELOPMENT - THE PAST AS A FUNCTION OF PROJECTING THE FUTURE

By
Goran Šiljan ,
Goran Šiljan

Univerzitet u Novom Sadu, Ekonomski fakultet u Subotici , Subotica , Serbia

Saša Gravorac ,
Saša Gravorac

Grad Subotica, Sluţba za internu reviziju , Subotica , Serbia

Tivadar Bunford ,
Tivadar Bunford

Grad Subotica, Skupština Grada , Subotica , Serbia

Dejan Gligović
Dejan Gligović

Visoka škola modernog biznisa Beograd , Beograd , Serbia

Abstract

One of the important factors and prerequisites for the economic development of the state is the financial reporting system whose focusing on the past is often wrong. In order to justify the financial statements the tasks they are facing, a high quality of the financial statements, that is, to ensure a sufficient level of reliability and truthfulness of the data incorporated therein. On the basis of such financial statements and information contained, economic policy makers can make adequate business decisions directed to unhindered. The paper will analyze the basic characteristics, prerequisites and assumptions of market development, the characteristics and challenges of a wellstructured financial reporting system, as well as the interaction between the financial reporting system and economic development and defined recommendations for improving accounting standards in creating the preconditions for a higher quality of published financial statements in the function of creating stable preconditions for future economic growth and development.

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