Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors

Objective: In the past few decades, the role of small entities in economies has recieved special attention due to their noticeable performances and supports for big entities’ activities. Ignoring the specific features of these entities in the preparation and presentation of financial statements and...

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Autores principales:	Seyed Javad Delavari, Gholamhossein Mahdavi (Ph.D)
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2019
Materias:	accounting standards financial reporting small entity users of financial statements Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/4b3766f3b7734d728ef0028bb5d2e357
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spelling	oai:doaj.org-article:4b3766f3b7734d728ef0028bb5d2e3572021-11-04T19:54:57ZRequirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors2008-89142476-292X10.22103/jak.2019.13375.2892https://doaj.org/article/4b3766f3b7734d728ef0028bb5d2e3572019-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_2372_0717ca8b6c86bb711454d6f868919dee.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: In the past few decades, the role of small entities in economies has recieved special attention due to their noticeable performances and supports for big entities’ activities. Ignoring the specific features of these entities in the preparation and presentation of financial statements and their compliance with the accounting standards of large entities have made financial statements of small entities inadequatly appropriate for various users, and imposed high costs on them,. Method: In this research, the views of 111 accounting professors of the Iranian public universities were surveyed through the questionnaire about information requirements for the users of financial statements of small entities. Result: The results of the research showed that according to the respondents, the cost of preparing financial statements by small entities is greater than its benefits, and that the users of these financial statements are unable to make optimal use of information. Also, the information required for the users of financial statements is different from what is currently provided in balance sheets, profit and loss statements, cash flow statements and notes on financial statements. Conclusion: The results of the research imply that it is necessary to simplify the financial reporting system of small entities and develop separate accounting standards for these entities.Seyed Javad DelavariGholamhossein Mahdavi (Ph.D)Shahid Bahonar University of Kermanarticleaccounting standardsfinancial reportingsmall entityusers of financial statementsAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 10, Iss 3, Pp 1-32 (2019)
institution	DOAJ
collection	DOAJ
language	FA
topic	accounting standards financial reporting small entity users of financial statements Accounting. Bookkeeping HF5601-5689
spellingShingle	accounting standards financial reporting small entity users of financial statements Accounting. Bookkeeping HF5601-5689 Seyed Javad Delavari Gholamhossein Mahdavi (Ph.D) Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
description	Objective: In the past few decades, the role of small entities in economies has recieved special attention due to their noticeable performances and supports for big entities’ activities. Ignoring the specific features of these entities in the preparation and presentation of financial statements and their compliance with the accounting standards of large entities have made financial statements of small entities inadequatly appropriate for various users, and imposed high costs on them,. Method: In this research, the views of 111 accounting professors of the Iranian public universities were surveyed through the questionnaire about information requirements for the users of financial statements of small entities. Result: The results of the research showed that according to the respondents, the cost of preparing financial statements by small entities is greater than its benefits, and that the users of these financial statements are unable to make optimal use of information. Also, the information required for the users of financial statements is different from what is currently provided in balance sheets, profit and loss statements, cash flow statements and notes on financial statements. Conclusion: The results of the research imply that it is necessary to simplify the financial reporting system of small entities and develop separate accounting standards for these entities.
format	article
author	Seyed Javad Delavari Gholamhossein Mahdavi (Ph.D)
author_facet	Seyed Javad Delavari Gholamhossein Mahdavi (Ph.D)
author_sort	Seyed Javad Delavari
title	Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
title_short	Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
title_full	Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
title_fullStr	Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
title_full_unstemmed	Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors
title_sort	requirements of small entities’ financial reporting: the viewpoint of accounting professors
publisher	Shahid Bahonar University of Kerman
publishDate	2019
url	https://doaj.org/article/4b3766f3b7734d728ef0028bb5d2e357
work_keys_str_mv	AT seyedjavaddelavari requirementsofsmallentitiesfinancialreportingtheviewpointofaccountingprofessors AT gholamhosseinmahdaviphd requirementsofsmallentitiesfinancialreportingtheviewpointofaccountingprofessors
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Requirements of Small Entities’ Financial Reporting: The Viewpoint of Accounting Professors

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