Financial reporting in Lithuania

Zverovich, Svetlana; Mackevicius, Jonas; Kazlauskiene, Laimute

Abstract

Small-and-medium sized enterprises (SMEs) are a driving force of each economy. This chapter deals with the current stage of financial reporting for SMEs in Lithuania. Due to the globalization of business and international harmonization of financial reporting also Lithuania experiences a shift in paradigms from historical costs accounting towards fair value measurement. Chapter provides an analysis between national accounting legislature and standard IFRS for SMEs.

• Publication Date: Jan 1, 2011
• Deposit Date: May 16, 2011
• Publicly Available Date: Mar 11, 2016
• Peer Reviewed: Peer Reviewed
• Pages: 138-168
• Book Title: Harmonization of SME’s Financial Reporting in Emerging CEE Countries
• ISBN: 9789604743018
• Keywords: financial reporting, international harmonization, measurement, financial statements, small and medium sized enterprises (SMEs), Lithuania
• Public URL: https://uwe-repository.worktribe.com/output/972527
• Publisher URL: http://www.wseas.us/books/2011/Strouhal/Strouhal.pdf
• Contract Date: Mar 11, 2016