Economics
  • ISSN: 2155-7950
  • Journal of Business and Economics

Changes of the Companies Act (ZGD-1I) and Its Impact on the Slovenian

Accounting Standards (SAS 2016)

 

 
Renata Gabršek
(Kapitalska dru┼żba, d. d. Pension Fund Management, Ljubljana, Slovenia)
 
 
Abstract: Changes of the Companies Act (ZGD-1I), adopted in August 2015 brought many changes in Slovenia. New rules of accounting recognition of individual categories of assets and liabilities in the balance sheets company valuation, reporting and disclosure. They have also changed the criteria for classification Company, public announcement of the annual reports and consolidation. The Act redefines the public-interest entity and requires coordination of the Slovenian Accounting Standards with the terms this Act. The new Slovenian Accounting Standards (SAS 2016) are now independent standards and not refer to the provisions of International Financial Reporting Standards (IFRS). The Companies Act provides which companies must prepare their financial statements in accordance with International Financial Reporting Standards.
 
 
Key words: recognition; valuation; reporting
 
JEL codes: M480




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