Skip to main content

Research Repository

Advanced Search

Analysis of financial reporting in Lithuania

Mackevicius, Jonas; Zverovich, Svetlana

Authors

Jonas Mackevicius



Abstract

The adoption of the International Financial Reporting Standards (IFRS) is supported in many countries inside and outside the European Union because it may improve the quality and comparability of financial reporting. In addition to the use of IFRS by listed companies and in some countries also by unlisted companies, many countries have developed their own national accounting standards based on the international ones. Although the national standards are based on IFRS, they are not identical. This paper analyses financial reporting in Lithuania and the Lithuanian Business Accounting Standards (LBAS) for the preparation and presentation of financial statements. Moreover, it discusses the main differences and similarities between International Accounting Standard 1 ‘Presentation of Financial Statements’ and the first six LBAS related to the preparation and presentation of financial statements in Lithuania

Citation

Mackevicius, J., & Zverovich, S. (2007, July). Analysis of financial reporting in Lithuania. Paper presented at 5th International Conference on Accounting

Presentation Conference Type Conference Paper (unpublished)
Conference Name 5th International Conference on Accounting
Start Date Jul 1, 2007
End Date Jul 1, 2007
Publication Date Jan 1, 2007
Peer Reviewed Peer Reviewed
Keywords IFRS, LBAS, financial reporting, European Union,
Additional Information Title of Conference or Conference Proceedings : 5th International Conference on Accounting

Files

Analysis_of_Financial_Reporting_in_Lithuania.doc (192 Kb)
Document






You might also like



Downloadable Citations