Računovodstvena regulativa kao pretpostavka kvaliteta finansijskih izveštaja

Global economy and internationalization of operations have a decisive influence on the economic development of countries, as well as on the operations of business entities. The expansion of companies’ business activities outside the national borders leads to stronger interdependence and reduction of the economic sovereignty of individual national economies. This is reflected in the established financial reporting systems that need to be adequate support for business communication. The accounting regulations governing the conduct of business books and financial reporting determine the quality of information contained in the financial statements. In this way, the accounting regulatory framework directly contributes to the acquisition of the competitive advantages of business entities, as well as the strengthening of the competitiveness of national economies in the international market. The goal of the doctoral dissertation entitled “Accounting Regulations as a Prerequisite for the Quality of Financial Statements” is to point out possible improvements in financial reporting in the territory of the Republic of Serbia. This was done by taking into account the country’s strategic orientation towards membership in the European Union, as well as modern directions in the development of financial reporting at the regional and global level. Within the specific goals, contemporary socio-economic factors of importance for the development of national economies and the business of economic entities are examined. The necessity of regulating accounting and financial reporting, with respect to the current processes of harmonization and standardization of accounting practices at the international level, is pointed out. The accounting environment and financial reporting in the pre-transition and transition period in the area of individual countries of Eastern and Central Europe are presented. The particularities of the existing accounting regulatory frameworks and the perspective of further development of financial reporting in these countries are examined. Special attention was paid to the analysis of normative regulations, the application of international accounting standards, the place and role of the accounting profession and professional organizations in the financial reporting systems of the former republics of the SFRY. By comparing the national regulatory frameworks of these countries, a comprehensive assessment of the reached level in the harmonization of financial reporting in relation to the existing regulations of the European Union was made. The results of the research indicate that there are similarities between the established financial reporting system in the Republic of Serbia and in the countries from the regions in which the EU integration processes have not been brought to an end. Starting from the identified shortcomings in the accounting regulatory framework of the Republic of Serbia, a proposal of measures has been conceptualized. The implementation of the proposal would improve the financial reporting of economic entities in the territory of our country in order to achieve a higher quality of financial reports