English
Simplifications for the composition of the financial statement
This is the outcome of an amendment of the existing accounting bill. The amended accounting bill transposes the European Commission Accounting Directive of 26 June, 2013 (hereinafter referred to as ‘directive’). According to the decided changes there are simplifications for the composition of the financial statement 2014. A shortened financial...
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The inflow and outflow of foreign currency
In order to determine exchange differences on a foreign currency account, the inflow and outflow of foreign currency needs to be valued. As a rule, for the purposes of this valuation, the actually applied exchange rate is used, and if it is not possible to use that rate, the average...
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Date of issuing an invoice in the case of delivery of goods
An invoice should include the following: the date of issuing, the date of executing or finalising the delivery of goods, when you performed the service and the date of receiving money, as mentioned in Article 108b, Section 1, Subsection 4 of the VAT Tax (Dz. U. of 2011, No. 177,...
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The timetable for the preparation of the Financial Statements
Companies included in the entry within The National Court Register (NCR), shall provide their Financial Statements to the appropriate register. The information should be automatically forwarded for publication in the Court and Economic Monitor. The financial year of most companies coincides with the calendar year, this is why they should...
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