Audit

New option for publication of the financial statement

New option for publication of the financial statement

Companies compiling financial statements for a period beginning on 1 January at the earliest and ending on 31 December 2021 at the earliest now have the option to publish their financial statements through the relevant tax authority by submitting…
Government aid not only in connection with the Covid-19 pandemic, or are you entering them in the accounting correctly?

Government aid not only in connection with the Covid-19 pandemic, or are you entering them in the accounting correctly?

The term government (state) support, subsidy, contribution, etc. is widely known and many of us, who deal with accounting issues, have had to decide many times what is actually hidden under this term, in order to be correctly accounted for and…
New rule for accounting for Leases with variable payments

New rule for accounting for Leases with variable payments

On 19 July 2021, the Financial Accounting Standards Board (FASB) issued an update to ASC 842 Leases to address accounting for lessor-side variable-payment leases. This update therefore does not affect the lessee side. The reason for the change in…
Receivables in the accounting or do you work with them correctly? Part 2

Receivables in the accounting or do you work with them correctly? Part 2

Everyone probably knows the term receivable or has at least some idea of what it means. A receivable as such represents expected receipt of financial flow for a certain provided performance. In the first part  of the article we went through the…
European Securities and Markets Authority (ESMA)

European Securities and Markets Authority (ESMA)

The European Securities and Markets Authority (ESMA) is an independent European Union (EU) Authority. It was founded in the year 2011 and is located in Paris. The main purpose of the ESMA is to improve investor protection and promote stable, orderly…
Receivables in the accounting or do you work with them correctly? Part 1

Receivables in the accounting or do you work with them correctly? Part 1

Everyone probably knows the term receivable or has at least some idea of what it means. A receivable as such represents expected receipt of financial flow for a certain provided performance. In today’s article, we will focus on receivables from the…
Updated Methodological tool for reviewing the management of local self-government units and voluntary associations of municipalities

Updated Methodological tool for reviewing the management of local self-government units and voluntary associations of municipalities

The Public sector committee has prepared the above-mentioned methodological tool. Compared to the 2012 version, not only has it been updated due to changes in legislation between the years, but new information relating to the application of ISA…
The National Accounting Council (NAC) has approved a draft interpretation – NI-67 Advance payments received in foreign currency – for an external comment proceeding

The National Accounting Council (NAC) has approved a draft interpretation – NI-67 Advance payments received in foreign currency – for an external comment proceeding

The aim of the interpretation is to set an accounting solution for reporting received advance payments in foreign currency in the financial statement. The draft interpretation has already undergone internal commenting in the working draft…
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