IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2019v1p40-47.html
   My bibliography  Save this article

The Importance Of The Management Company By Using The International Accounting Standards

Author

Listed:
  • BORISLAV MARIC

    (MINISTRY OF FOREIGN AFFAIRS OF BOSNIA AND HERZEGOVINA, BOSNIA AND HERZEGOVINA)

  • SANDA NASTIC

    (JKP VODOVOD I KANALIZACIJA, 21000 NOVI SAD, SERBIA)

  • BOGDAN LABAN

    (THE CITY OF SUBOTICE CITY, 24000 SUBOTICA, SERBIA)

  • VERA POPOVIC

    (INSTITUTE OF FIELD AND VEGETABLE CROPS 21000 NOVI SAD, SERBIA)

  • SLOBODAN POPOVIC

    (JKP GRADSKO ZELENILO, 21000 NOVI SAD, SERBIA)

Abstract

Managing the company requires a higher degree of standardization of processes, decision-making, decision-making, application of standard operating methods in companies, the use of international accounting standards, the standard of international financial reporting, and many other forms of business that can improve business operations and manage the company. There are numerous advantages for the top management of companies especially for those who have decided to apply the International Accounting Standards in everyday business in the accounting and financial sector of enterprises primarily, and then in other parts of the company. Their implementation allows for realistic financial reporting, which is extremely important for making a timely decision regarding strategic decision-making in an enterprise. This is particularly true for countries in transition, as well as for those countries that have not applied more widely to international accounting standards in regular and continuous business. The application of international accounting standards as well as the application of international financial reporting standards can lead to positive results and the enterprise can realize multiple benefits, especially if the company fully applies fair reporting in its business to top management but also towards the owners of the company or the founders of the company.

Suggested Citation

  • Borislav Maric & Sanda Nastic & Bogdan Laban & Vera Popovic & Slobodan Popovic, 2019. "The Importance Of The Management Company By Using The International Accounting Standards," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 40-47, February.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:1:p:40-47
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2019-01/06_Maric.pdf
    Download Restriction: no
    ---><---

    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:cbu:jrnlec:y:2019:v:1:p:40-47. 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: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    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.