IDEAS home Printed from https://ideas.repec.org/a/ami/journl/v13y2014i2p351-372.html
   My bibliography  Save this article

IFRS application in Slovenia

Author

Listed:
  • Mateja Jerman

    (University of Primorska, Faculty of Management, Slovenia)

  • Ales Novak

    (University of Maribor, Faculty of Organizational Sciences, Slovenia)

Abstract

The paper aims to present the most important characteristics of the evolution of the accounting system in Slovenia, emphasizing the most important features of the national accounting standards as well as the institutional framework that has affected the accounting development. Slovenia is a code law country with underdeveloped financial markets, dominant bank financing, close linkage between financial accounting income and taxable income and a small auditing profession. IFRS are mandatory for all companies with publicly traded securities for consolidated financial statements and for all banks and insurance companies. All other companies report in accordance with national accounting standards, although they have an option to apply the IFRS for their consolidated as well as separate annual financial statements. Since the number of entities in Slovenia that prepare their financial statements in conformity with IFRS is in international terms rather small, our literature review reveals that studies about IFRS implementation in Slovenia are lacking. Until now there have been just a few studies exploring the level of IFRS compliance. The paper draws attention to possibilities for future research from the field of value reliability and value relevance.

Suggested Citation

  • Mateja Jerman & Ales Novak, 2014. "IFRS application in Slovenia," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 13(2), pages 351-372, June.
    • Handle: RePEc:ami:journl:v:13:y:2014:i:2:p:351-372
    as

    Download full text from publisher

    File URL: http://online-cig.ase.ro/RePEc/ami/articles/13_2_7.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ranđelović Dragana & Đukić Tadija, 2016. "Normative Framework as the Basis for Quality Financial Reporting in the Republic of Slovenia, the Republic of Macedonia and the Republic of Serbia," Economic Themes, Sciendo, vol. 54(1), pages 129-154, March.
    2. Bajra, Ujkan & Čadež, Simon, 2018. "Audit committees and financial reporting quality: The 8th EU Company Law Directive perspective," Economic Systems, Elsevier, vol. 42(1), pages 151-163.
    3. Mateja Jerman & Sandra Janković, 2018. "The Importance of Intangible Assets in the Hotel Industry: The Case of Croatia and Slovenia," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 65(3), pages 333-346, September.

    More about this item

    Keywords

    Slovene accounting model; Slovene accounting standards; institutional framework; IFRS; IFRS application;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ami:journl:v:13:y:2014:i:2:p:351-372. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina Tartavulea (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.