Český finanční a účetní časopis 2012(3):42-51 | DOI: 10.18267/j.cfuc.320

Accounting and Reporting Regulation of Micro-entities

Marcela Žárová
Doc. Ing. Marcela Žárová, CSc. - docentka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <zarova@vse.cz>.

Accounting has been identified as one of the key areas in which administrative burdens for companies within the European Union may be reduced. As the size criteria for microenterprises in the proposed new Directive, replacing the Fourth and Seventh EC Directive, may be too high for accounting purposes, a sub-group of micro-enterprises, so-called "microentities", were introduced to cover companies with lower size criteria for balance sheet total and net turnover than those laid down for micro-enterprises. Regulatory requirements are proposed in EC Directive for micro-enterprises issued in March 2012. Member States should take into account the specific conditions and needs of their own markets when making decisions about how or whether to implement a micro-entity regime.

Keywords: Micro-enterprise; Micro-entities; EC directive.
JEL classification: M41

Published: October 1, 2012  Show citation

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Žárová, M. (2012). Accounting and Reporting Regulation of Micro-entities. Czech Financial and Accounting Journal, 2012(3), 42-51. doi: 10.18267/j.cfuc.320
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