Oditor, No. 11/2015

FINANCIAL REPORTING IN HYPERINFLATORY FEES, ACCORDING TO INTERNATIONAL ACCOUNTING STANDARDS
Ivan Milojević[48], prof. dr Slobodan Šegrt[49]

UDK: 006.44:657.2
336.748.12

Abstract

Hyperinflationary economic conditions were once dictated adapting our accounting regulations require that the revaluation of balance sheet positions at balance sheet date gain real financial statements as a basis for making economic decisions.
Financial reporting as a basis for successful operations of each entity requires expression of the events following the transaction of business and influenced the change of assets and capital. Taking into account the amendment of the value of money as the basic settings Financial preserving capital substance in this inscription we will deal with the application of international accounting standards for reporting purposes under the conditions of hyperinflation.

Key words: accounting, hyperinflation, financial reporting.

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[48]Ivan Milojević, Ph.D., Full professor, Modern Business School, Belgrade, Serbia, Email: drimilojevic@gmail.com
[49]Slobodan Šegrt Ph.D., Professor, University of Business Studies, Jovana Duĉića no. 23a, Banja Luka, Bosnia and Herzegovina.