New Aspects in European Accounting Regulation of Micro-entities

Marcela Žárová

doi:10.18267/j.efaj.2

Abstract

New Aspects in European Accounting Regulation of Micro-entities

Highlights

Dear readers, this year, become important one, from the perspective of European accounting and financial reporting regulation of micro-entities
New directive 2012/6/EU of the European Parliament and of the Council of 14 March 2012 on reporting of micro-entities that has been developed and proposed by the European Commission was based on different research studies, International Federation of Accountants
Micro-entities should still be subject to any national obligation to keep records showing their business transactions and financial position

Summary

Introduction

This year, become important one, from the perspective of European accounting and financial reporting regulation of micro-entities. New directive 2012/6/EU of the European Parliament and of the Council of 14 March 2012 on reporting of micro-entities that has been developed and proposed by the European Commission was based on different research studies, International Federation of Accountants. The reporting needs of micro-entities are fundamentally different from those of larger companies.

Results

Conclusion