Displaying cash outflows on payment cards
In accordance with accounting standards, cash outflows on payment cards must be properly classified in the cash flow statement. Payments made with […]
Category: Business in Serbia
Scope of the regular annual financial report
The regular annual financial report can be prepared for a fiscal year that is either the same as the calendar year or […]
Annual Financial Report for 2024
Applicable legal framework:The Annual Financial Report for 2024 is prepared and submitted in accordance with the Accounting Law, which defines the scope […]
International financial reporting standards
MSFI – International financial reporting standards (IFRS)MSFI are international standards that apply to large legal entities and those that are required to […]
Documentation scope for financial statements
Legal entities and entrepreneurs required to audit their financial statements, as defined by the Audit Law, include large and medium-sized legal entities, […]
Obligations for preparing financial statements
Obligated entitiesAccording to Article 4, paragraph 1 of the Law, obligated entities include: Legal entities as per Article 2, point 1, Other […]
Expenses not recognized in the Tax balance
Expenses that are considered unsustainable or questionable in nature are not recognized as deductible in the tax balance. First, expenses that cannot […]
Special protection against termination of Employment contract
During pregnancy, maternity leave, childcare leave, and leave for special care of a child, an employer is prohibited from terminating the employee’s […]
Material significant erorr
In accounting, the materiality threshold represents the basis for assessing the significance of errors in financial statements. Business entities define it through […]
Recognition of Representation Expenses in the Tax Balance
Representation expenses are costs that entrepreneurs and companies track in their operations, related to services or products aimed at promoting and maintaining […]