Spremenjeno bilančno - računovodsko pravo po noveli ZGD-1I

slovenian

2015

volume 41, issue 3/4

IUS SOFTWARE d.o.o.
(Obvezni izvod spletne publikacije)

The author discusses the proposed changes to the balance law with the new amendment to the Slovenian Companies Act (ZGD-1I), with which Slovenia shall transpose the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 into its national legislation. The changes in the field of accounting represent a major part of the proposed amendment ZGD-1I. Same as before, the ZGD-1 only governs fundamental balance law questions by laying down fundamental rules regarding the drawing up of the annual report and the individual financial statements, while leaving the detailed rules to the regulation of the Slovenian Accounting Standards (SRS). The author specifically emphasizes the increased usage and importance of the International Financial Reporting Standards. In terms of balance law, the most notable changes are related to the question of valuation of items in the financial statements, where emphasis is on valuation on the principle of historical cost, while also allowing for two alternative valuation methods, measurement at revalued amounts and measurement at fair value. The new rules regarding the drawing up of the supplement to the financial statements, where the number of disclosures required in the annual reports of large and medium-sized companies is increasing, will be of particular practical importance, as well as the benefits of simplifications applicable to small and especially micro-companies.

19.01.2017