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The Connection between Accounting and Taxation from the Perspective of Preparing the Financial Statements

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  • Nexhmie Berisha Vokshi

Abstract

Business organizations apply international and national accounting standards to construct publicly available financial statements and financial reporting, but the respective goals, principles and requirements of accounting and taxation are not always the same. Based on this fact, this paper aims to address important issues related to the presentation of the economic reality in Kosovo, where the existence of the accounting-taxation relationship when preparing financial statements produces its effects depending on the degree of intensity that characterizes this relationship. Using research results, this paper provides an overview of the reporting regulatory framework in both reporting areas and points to the correlation between financial and fiscal reporting in the preparation of financial statements, classifying this relationship in one of the five categories recognized in international literature.

Suggested Citation

  • Nexhmie Berisha Vokshi, 2018. "The Connection between Accounting and Taxation from the Perspective of Preparing the Financial Statements," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 34-47.
    • Handle: RePEc:ers:ijebaa:v:vi:y:2018:i:4:p:34-47
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    Cited by:

    1. Dejan Ravšelj & Aleksander Aristovnik, 2020. "The Impact of Public R&D Subsidies and Tax Incentives on Business R&D Expenditures," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 160-179.
    2. E.A. Sharovatova & I.A. Omelchenko & E.P. Scherbakova & T.R. Martirosyan & E.Yu. Demyanenko, 2019. "The Role of Accounting for the Innovation-oriented Organizations in Digital Economy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 379-392.
    3. Suratno & J.M.V. Mulyadi, 2020. "Taxes, Revenues and Capital Expenditure as Determinants of Financial Sufficiency of Regional Government," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 283-290.
    4. Kostantinos J. Liapis & Evangelos D. Politis & Dimitra Ntertsou & Eleftherios I. Thalassinos, 2020. "Investigating the Relationship between Tax Revenues and Tax Ratios: An Empirical Research for Selected OECD Countries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 215-229.
    5. Raga Hudori & Elia Mustikasari, 2020. "The Strength of Audits, Reporting Standards and Corruption, on Tax Evasion: A Cross-Country Study," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 554-567.
    6. Simon Grima & Gani Asllani & Jonathan Spiteri & Nikson Daka, 2019. "The Cost and Information Management Effect in SMEs: An Empirical Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 360-369.

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    More about this item

    Keywords

    Accounting; taxation; accounting information; financial statements; financial reporting; fiscal reporting.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • H29 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other

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