Abstract
Level of Implementation of International Accounting Standards by Large Enterprises in Kosovo
Highlights
The financial health of business enterprises is important primarily for the enterprise itself, respectively for the shareholders of the enterprise and employees, and for the society that uses the services of these enterprises
International Financial Reporting Standards (IFRS) are Standards and Interpretations used by the International Accounting Standards Board (IASB)
Hypothesis H2: Lack of professional certification of accountants of large enterprises has affected the unsatisfactory implementation of IAS From the questionnaires, we found that 54% of respondents are accounting technicians, 32% certified accountants, 3% certified auditors, and 11% of respondents do not have any additional certification from accounting and auditing associations
Summary
The financial health of business enterprises is important primarily for the enterprise itself, respectively for the shareholders of the enterprise and employees, and for the society that uses the services of these enterprises. The most important indicator that reflects the situation of an enterprise is financial information, which reveals very important information for the enterprise and helps to make various analyzes to increase the quality of services, reduce their cost and increase the efficiency and success of its business. The presentation of financial information is very important to understand the success of the enterprise, but depending on the activity of the enterprise, their accounting information may be different. Considering these differences in the reporting of financial information, it has been necessary to create reporting standards, which guide enterprises in compiling financial statements and reporting financial information, unifying reports and helping to compare them properly. International Financial Reporting Standards (IFRS) are Standards and Interpretations used by the International Accounting Standards Board (IASB).
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