Opis
The study attempts to address three research problems: 1. What is the status and significance of the MSE-sector enterprises in selected CEE countries? 2. What reporting obligations do enterprises from the MSE sector have? 3. What is the possible improvement orientation with regard to MSE-sector reporting in the CEE countries in terms of sustainable development? This monograph aims to conduct a cross-country comparative analysis of the financial reporting requirements of micro and small enterprises a few years after the introduction of Directive 2013/34/EU. It assesses the reporting requirements of micro and small enterprises in 9 Central and Eastern European countries that have undergone systemic transformations. Since these countries are diverse in terms of the geographical, historical, systemic and political factors that affect them and the economic policy directions adopted after the changes, they have been divided into two groups: 1. European Union Member States – Croatia, Lithuania, Latvia, Poland, Slovenia, Romania; 2. countries that are not members of the European Union – Belarus, Moldova, and Ukraine. The study consists of 11 chapters, divided into three parts. The content of individual parts is related to: 1. The socio-economic environment of the MSE sector in selected countries of Central and Eastern Europe (CEE) and the financial reporting in global economy (chapters 1 and 2). 2. The financial reporting of micro and small enterprises in selected CEE countries – Belarus, Croatia, Latvia, Lithuania, Moldova, Romania, Poland, Slovenia, Ukraine (chapters 3–11). 3. A comparative analysis of the reporting requirements of micro and small enterprises surveyed (Summary). Due to the role the MSE-sector enterprises play in global economy, the research and analysis conclusion indicates recommendations regarding the harmonization of the reporting requirements for the enterprises of the MSE sector in the CEE countries that have undergone systemic transformations. Spis treściIntroduction Olga Martyniuk, University of Gdansk, Poland 1. Micro and small enterprises in selected countries of transition economies from Central and Eastern Europe 1.1. Characteristics of the transformation processes in selected countries Anna Szymczak, Sopot University of Applied Sciences, Poland Tomasz Kalinowski, Sopot University of Applied Sciences, Poland 1.2. Social, legal and economic environment of selected countries Anna Szymczak, Sopot University of Applied Sciences, Poland Tomasz Kalinowski, Sopot University of Applied Sciences, Poland 1.3. The definition of micro and small enterprises Olga Martyniuk, University of Gdansk, Poland Laurenţiu-Mihai Treapăt, National University of Political Studies and Public Administration, Romania Corina-Elena Drăgănescu, Spiru Haret University, Romania 1.4. The role of micro and small enterprises in transition economies Olga Martyniuk, University of Gdansk, Poland References 2. The financial reporting within the context of economy globalization Teresa Martyniuk, Sopot University of Applied Sciences, Poland 2.1. Accounting systems in the world 2.2. The conceptual framework of financial statements according to the International Financial Reporting Standards (IFRS) 2.3. Financial statements components 2.4. Annual financial statements of micro and small entities References 3. The financial reporting of the micro and small entities in Belarus Anastasiya Piakarskaya, Belarus State Economic University 3.1. Country introduction: Belarus – legal and economic environment of MSE sector 3.2. The MSE sector in Belarus 3.3. Legislation in financial reporting of the MSE sector in Belarus 3.4. Characteristics of annual financial statements of micro and small entities in Belarus References 4. The financial reporting of the micro and small entities in Croatia Kristina Mićin, University of Applied Sciences Baltazar Zaprešić, Croatia Petra Popek Biškupec, University of Applied Sciences Baltazar Zaprešić, Croatia 4.1. Country introduction: Croatia – legal and economic environment of MSE sector 4.2. The SME sector in Croatia 4.3. Accounting Law and Financial Reporting regulations in Croatia 4.4. Organization of financial reporting in Croatia 4.5. The structure of the financial statements of the micro and small entities in Croatia References 5. The financial reporting of the micro and small entities in Latvia Ramona Rupeika-Apoga, University of Latvia 5.1. Country introduction: Latvia – legal and economic environment of MSE sector 109 5.2. The MSE sector in Latvia 5.3. MSE financial reporting regulations and procedures in Latvia 5.4. The structure of the financial statements of the micro and small entities in Latvia References 6. The financial reporting of the micro and small entities in The Republic of Lithuania Lina Kloviene, Sheffield University Management School, England Lina Dagiliene, Kaunas University of Technology, School of Economics and Business, Lithuania 6.1. Country introduction: The Republic of Lithuani