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Financial reporting in Lithuania

Zverovich, Svetlana; Mackevicius, Jonas; Kazlauskiene, Laimute

Authors

Jonas Mackevicius

Laimute Kazlauskiene



Contributors

Jiri Strouhal
Editor

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.

Citation

Zverovich, S., Mackevicius, J., & Kazlauskiene, L. (2011). Financial reporting in Lithuania. In J. Strouhal (Ed.), Harmonization of SME’s Financial Reporting in Emerging CEE Countries, 138-168. WSEAS Press

Publication Date Jan 1, 2011
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
Publisher URL http://www.wseas.us/books/2011/Strouhal/Strouhal.pdf

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