Business, Management and Accounting
4 years ago

Outdated accounting practices in Kosovo hinder European integration and investor confidence.

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SSRN Electronic Journal
Historical Review of Accounting Developments in Kosovo and Its Standardization
Nexhmije Berisha, Skënder Ahmeti, Arben Dërmaku, Sead Ujkani

Paper Summary

The article discusses the history of accounting in Kosovo and the need to align with international standards like IAS/IFRS for European integration. The old accounting system inherited from Yugoslavia no longer meets market demands. Foreign investors require reliable information for decision-making. Adapting to IAS/IFRS and EU directives is crucial for Kosovo's integration. Accounting plays a vital role in providing essential information for effective business decisions.

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