Financial reporting for small and medium sized companies in the EU

Mala i srednja društva u Republici Hrvatskoj (dalje: RH) i ostalim članicama Europske unije (dalje: EU) predstavljaju značajan udio u ukupnom broju društava. Društva su kategorizirana po kvantitativnim i kvalitativnim pokazateljima. Harmonizacija je postupak ujednačavanja financijskih izvještaja društava različitih zemalja, kako bi se postigao zadovoljavajući stupanj usporedivosti te kako bi se utvrdile granice do kojih se financijski izvještaji mogu razlikovati. U cilju razvoja računovodstvenih standarda koji su prikladni za mala i srednja društva, 9. srpnja 2009. godine objavljena je konačna verzija SMEs standarda (Small and Medium-sized Entities - mala i srednje velika društva) kada su i stupili na snagu. Mala i srednja društva u Sloveniji primjenjuju slovenske računovodstvene standarde. Ti standardi skup su pravila profesionalnog ponašanja u području računovodstva. Mijenjani su kroz određena razdoblja, a sveukupno ih ima 40. Mala i srednja društva u Velikoj Britaniji primjenjuju Standarde financijskog izvještavanja za mala i srednja društva Velike Britanije (Financial Reporting standards for smaller Entities, dalje: FRSSE). Te standarde donosi i izdaje Odbor za računovodstvene standarde Velike Britanije (Accounting Standards Board, dalje: ASB). FRSSE sadržava 20 standarda.Small and medium sized companies in the Republic of Croatia (hereinafter: RC) and other members of the European Union (hereinafter: EU) represent significant part of the total number of business subjects. Companies are categorized as the quantitative and qualitative indicators. Harmonization is the process of comparing and equalizing the financial statements of different countries, in order to achieve a satisfactory degree of comparability and to establish the extent to which the financial statements may differ. In order to develop accounting standards suitable for small and medium companies, 9 July 2009 was the final publication of the standard SMEs (Small and Medium-sized Entities) when they came into effect. Small and medium-sized companies in Slovenia apply Slovenian Accounting Standards. These standards are a set of rules of professional conduct in the field of accounting. Changed through certain periods, but overall there are 40 standards, which among other things defined the valuation of assets and liabilities. Small and medium-sized companies in Slovenia apply Financial Reporting Standards for Small and Medium Society of Great Britain (Financial Reporting standards for smaller Entities, hereinafter FRSSE) that 1997 brings and published by the UK Accounting Standards (Accounting Standards Board, hereinafter : ASB). FRSSE contains 20 standards