Financial Statements in Individual Businesses

Besnik Hajdari

doi:doi:10.11648/j.ajomis.20190402.12

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Financial Statements in Individual Businesses

Besnik Hajdari

Published in American Journal of Operations Management and Information Systems (Volume 4, Issue 2)

Received: 17 March 2019 Accepted: 5 June 2019 Published: 19 June 2019

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Abstract

Understanding and interpreting the financial statements is an important factor for the economic entities in getting the right directions. Today, there is a general tendency to respect the harmonization of European Commission Directive IV with International Financial Reporting Standards. Responsive people need information about the business activities of any business. In this paper, we will consider how to compile and interpret key financial statements in accordance with IASs and IFRSs, which are the main users or users of information derived from these financial statements and their significance in decision-making. Financial Statements are the key elements in achieving business goals, having a bearing on creating business financial reports, auditing, databases and mandatory disclosures. The study aims to identify and analyze key indicators that affect the success and growth of small and medium-sized enterprises (SMEs), ie their performance, and to analyze the effects that these indicators show in SME growth. In this research, several important issues and general problems of the financing system, the financial situation and the profitability of small and medium businesses in Kosovo have been addressed. Also, this paper will present, from the point of view theoretical and empirical, the link between these key performance indicators, or, say, the growth of SMEs. Therefore, the development of the SME sector is very important in Kosovo, especially given that the social problems of those countries are, to a large extent, the consequence of uneven growth.

Published in	American Journal of Operations Management and Information Systems (Volume 4, Issue 2)
DOI	10.11648/j.ajomis.20190402.12
Page(s)	57-62
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Financial Analysis, Financial Statements, Financial Indicators, Financial Reports, Financial Reporting, Accounting Standards, International Accounting Standards, Individual Businesses, Finance

References

[1]	Asllani, Rrustem "Financial Accounting", Prishtina 2010.
[2]	Ahmeti, Skender "Financial Accounting", Prishtina 2012.
[3]	Nimani, Artan "Accounting - Lecture" Prizren 2014.
[4]	Speaks, Fadil "Analysis of Financial Statements" Peja 2012.
[5]	Ukaj, Fatos "Accounting Basics" Peja 2011.
[6]	Krasniqi, Bujar "Dispenser for accountant" KAF Prishtine 2016.
[7]	Hajdari, Besnik “Financial and Audit Accounting” Mitrovica 2018.
[8]	Ahmeti, S. (2014) "Kontabiliteti Financiar I" Universiteti i Prishtinës, Prishtinë 2014.
[9]	Asllanaj, Rr. (2010), "Kontabiliteti Financiar" Universiteti i Prishtinës Prishtinë 2010.
[10]	Badivuku, M. dhe Alishani, A. (2015) "Historia e Krizes financiare globale" Prishtine.
[11]	Binaj A. dhe Kalemi, F. (2016) Kontabiliteti-koncepte, metoda dhe perdorime, Tiranë.
[12]	Binaj A, (2012): Sistemet e informacionit kontabel, ShB Ilar, Tiranë.
[13]	Bundo, Sh & Cane, G.(2003), Financë, Tiranë.
[14]	Civici, A. (2010): Kriza financiare apo globale, Botim nga UET Press, Tiranë.
[15]	Xhafa, H. (2014) Analiza e pasqyrave financiare, Urtesia Bektashiane Tiranë.
[16]	Xhafa, H. Dhe Ciceri, B. Drejtimi Financiar, Albpiper, Tiranë.
[17]	Xhepa, S., Agolli, M., (2004), Zhvillimi i Ndërmarrjeve të Vogla dhe të Mesme, ISB & ACIT, Tiranë.

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APA Style

Besnik Hajdari. (2019). Financial Statements in Individual Businesses. American Journal of Operations Management and Information Systems, 4(2), 57-62. https://doi.org/10.11648/j.ajomis.20190402.12

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ACS Style

Besnik Hajdari. Financial Statements in Individual Businesses. Am. J. Oper. Manag. Inf. Syst. 2019, 4(2), 57-62. doi: 10.11648/j.ajomis.20190402.12

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AMA Style

Besnik Hajdari. Financial Statements in Individual Businesses. Am J Oper Manag Inf Syst. 2019;4(2):57-62. doi: 10.11648/j.ajomis.20190402.12

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@article{10.11648/j.ajomis.20190402.12,
  author = {Besnik Hajdari},
  title = {Financial Statements in Individual Businesses},
  journal = {American Journal of Operations Management and Information Systems},
  volume = {4},
  number = {2},
  pages = {57-62},
  doi = {10.11648/j.ajomis.20190402.12},
  url = {https://doi.org/10.11648/j.ajomis.20190402.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajomis.20190402.12},
  abstract = {Understanding and interpreting the financial statements is an important factor for the economic entities in getting the right directions. Today, there is a general tendency to respect the harmonization of European Commission Directive IV with International Financial Reporting Standards. Responsive people need information about the business activities of any business. In this paper, we will consider how to compile and interpret key financial statements in accordance with IASs and IFRSs, which are the main users or users of information derived from these financial statements and their significance in decision-making. Financial Statements are the key elements in achieving business goals, having a bearing on creating business financial reports, auditing, databases and mandatory disclosures. The study aims to identify and analyze key indicators that affect the success and growth of small and medium-sized enterprises (SMEs), ie their performance, and to analyze the effects that these indicators show in SME growth. In this research, several important issues and general problems of the financing system, the financial situation and the profitability of small and medium businesses in Kosovo have been addressed. Also, this paper will present, from the point of view theoretical and empirical, the link between these key performance indicators, or, say, the growth of SMEs. Therefore, the development of the SME sector is very important in Kosovo, especially given that the social problems of those countries are, to a large extent, the consequence of uneven growth.},
 year = {2019}
}

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TY  - JOUR
T1  - Financial Statements in Individual Businesses
AU  - Besnik Hajdari
Y1  - 2019/06/19
PY  - 2019
N1  - https://doi.org/10.11648/j.ajomis.20190402.12
DO  - 10.11648/j.ajomis.20190402.12
T2  - American Journal of Operations Management and Information Systems
JF  - American Journal of Operations Management and Information Systems
JO  - American Journal of Operations Management and Information Systems
SP  - 57
EP  - 62
PB  - Science Publishing Group
SN  - 2578-8310
UR  - https://doi.org/10.11648/j.ajomis.20190402.12
AB  - Understanding and interpreting the financial statements is an important factor for the economic entities in getting the right directions. Today, there is a general tendency to respect the harmonization of European Commission Directive IV with International Financial Reporting Standards. Responsive people need information about the business activities of any business. In this paper, we will consider how to compile and interpret key financial statements in accordance with IASs and IFRSs, which are the main users or users of information derived from these financial statements and their significance in decision-making. Financial Statements are the key elements in achieving business goals, having a bearing on creating business financial reports, auditing, databases and mandatory disclosures. The study aims to identify and analyze key indicators that affect the success and growth of small and medium-sized enterprises (SMEs), ie their performance, and to analyze the effects that these indicators show in SME growth. In this research, several important issues and general problems of the financing system, the financial situation and the profitability of small and medium businesses in Kosovo have been addressed. Also, this paper will present, from the point of view theoretical and empirical, the link between these key performance indicators, or, say, the growth of SMEs. Therefore, the development of the SME sector is very important in Kosovo, especially given that the social problems of those countries are, to a large extent, the consequence of uneven growth.
VL  - 4
IS  - 2
ER  -

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Author Information

Besnik Hajdari

Faculty of Mechanical Engineering and Computer Engineering, Department of Economic Engineering, University of Mitrovica "Isa Boletini", Mitrovica, Republic of Kosovo

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APA Style

Besnik Hajdari. (2019). Financial Statements in Individual Businesses. American Journal of Operations Management and Information Systems, 4(2), 57-62. https://doi.org/10.11648/j.ajomis.20190402.12

Copy | Download

ACS Style

Besnik Hajdari. Financial Statements in Individual Businesses. Am. J. Oper. Manag. Inf. Syst. 2019, 4(2), 57-62. doi: 10.11648/j.ajomis.20190402.12

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AMA Style

Besnik Hajdari. Financial Statements in Individual Businesses. Am J Oper Manag Inf Syst. 2019;4(2):57-62. doi: 10.11648/j.ajomis.20190402.12

Copy | Download

@article{10.11648/j.ajomis.20190402.12,
  author = {Besnik Hajdari},
  title = {Financial Statements in Individual Businesses},
  journal = {American Journal of Operations Management and Information Systems},
  volume = {4},
  number = {2},
  pages = {57-62},
  doi = {10.11648/j.ajomis.20190402.12},
  url = {https://doi.org/10.11648/j.ajomis.20190402.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajomis.20190402.12},
  abstract = {Understanding and interpreting the financial statements is an important factor for the economic entities in getting the right directions. Today, there is a general tendency to respect the harmonization of European Commission Directive IV with International Financial Reporting Standards. Responsive people need information about the business activities of any business. In this paper, we will consider how to compile and interpret key financial statements in accordance with IASs and IFRSs, which are the main users or users of information derived from these financial statements and their significance in decision-making. Financial Statements are the key elements in achieving business goals, having a bearing on creating business financial reports, auditing, databases and mandatory disclosures. The study aims to identify and analyze key indicators that affect the success and growth of small and medium-sized enterprises (SMEs), ie their performance, and to analyze the effects that these indicators show in SME growth. In this research, several important issues and general problems of the financing system, the financial situation and the profitability of small and medium businesses in Kosovo have been addressed. Also, this paper will present, from the point of view theoretical and empirical, the link between these key performance indicators, or, say, the growth of SMEs. Therefore, the development of the SME sector is very important in Kosovo, especially given that the social problems of those countries are, to a large extent, the consequence of uneven growth.},
 year = {2019}
}

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TY  - JOUR
T1  - Financial Statements in Individual Businesses
AU  - Besnik Hajdari
Y1  - 2019/06/19
PY  - 2019
N1  - https://doi.org/10.11648/j.ajomis.20190402.12
DO  - 10.11648/j.ajomis.20190402.12
T2  - American Journal of Operations Management and Information Systems
JF  - American Journal of Operations Management and Information Systems
JO  - American Journal of Operations Management and Information Systems
SP  - 57
EP  - 62
PB  - Science Publishing Group
SN  - 2578-8310
UR  - https://doi.org/10.11648/j.ajomis.20190402.12
AB  - Understanding and interpreting the financial statements is an important factor for the economic entities in getting the right directions. Today, there is a general tendency to respect the harmonization of European Commission Directive IV with International Financial Reporting Standards. Responsive people need information about the business activities of any business. In this paper, we will consider how to compile and interpret key financial statements in accordance with IASs and IFRSs, which are the main users or users of information derived from these financial statements and their significance in decision-making. Financial Statements are the key elements in achieving business goals, having a bearing on creating business financial reports, auditing, databases and mandatory disclosures. The study aims to identify and analyze key indicators that affect the success and growth of small and medium-sized enterprises (SMEs), ie their performance, and to analyze the effects that these indicators show in SME growth. In this research, several important issues and general problems of the financing system, the financial situation and the profitability of small and medium businesses in Kosovo have been addressed. Also, this paper will present, from the point of view theoretical and empirical, the link between these key performance indicators, or, say, the growth of SMEs. Therefore, the development of the SME sector is very important in Kosovo, especially given that the social problems of those countries are, to a large extent, the consequence of uneven growth.
VL  - 4
IS  - 2
ER  -

Copy | Download