THE QUALITY OF FINANCIAL REPORTING AS A PRECONDITION FOR DEVELOPMENT OF GLOBAL TOURIST INDUSTRY
Grozdana Marinković, Assistant Professor
Belgrade Banking Academy – Faculty for Banking, Insurance and Finance, Zmaj Jovina 12, Belgrade, Serbia
DOI: https://doi.org/10.31410/tmt.2018.383
Grozdana Marinković, Assistant Professor
Belgrade Banking Academy – Faculty for Banking, Insurance and Finance, Zmaj Jovina 12, Belgrade, Serbia
DOI: https://doi.org/10.31410/tmt.2018.383
3rd International Thematic Monograph - Thematic Proceedings: Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018, Published by: Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia; ISBN 978-86-80194-14-1; Editors: Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia; Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: The real and fair financial reporting is a prerequisite for further development of tourist industry
on a global level. In this paper the emphasis is on the concept of quality of financial statements,
with a special focus on the process of harmonization of financial reporting. Having in the mind that the
tourism has become a relevant generator of a global economic development, a special part of paper
analyzes accounting regulations and financial reporting framework in the most developed countries in
the world, as well as a specificity of financial reporting of tourist industry in Serbia.
Keywords: financial reporting quality, harmonization, tourism, G20, Serbia
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