Skip to main content

Full Program »

The advantages and disadvantages of the new accounting law with an emphasis on small companies

All the European Union member states were obliged to include Directive 2013/34/EC in their existing accounting systems by 20th July 2015. The obligation resulted in the adoption of a new accounting law on 3rd July 2015 (NN 78/15). Directive 2013/34/EC seeks to harmonize the financial reporting of companies with the new market conditions and to ensure transparency and compatibility in the whole European Union. Directive 2013/34/EC is primarily focused on simplifying the work of small trading companies via a decrease in administrative burdens. Starting from the fact that small trading companies bear the biggest burden of the current market conditions and that they represent the driving force of economy, this paper will compare the resulting changes of accounting law precisely with relation to small trading companies. Therefore, the paper will point to the advantages and disadvantages resulting from the new accounting law relating to small trading companies.


Petar Pepur    
Sveučilište u Splitu, Sveučilišni odjel za stručne studije

Franjo Zubak    
Sveučilište u Splitu, Sveučilišni odjel za stručne studije

Stjepan Lača    
Imex banka d.d.


Powered by OpenConf®
Copyright ©2002-2015 Zakon Group LLC