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Importance of the Application of International Accounting Standards in Kosovo Businesses

The adoption of International Accounting Standards (IAS) is an example of accounting standardization among countries with different institutional frameworks and enforcement rules. IAS, though, create a common language for defining, interpreting and publication of financial statements in the whole world. Furthermore, their aim is “to provide a standardized and coherent sight of the companies to the shareholders and investors”. After the war in Kosovo has been a positive move towards the development of accounting. Accounting system based on IAS cannot be avoided by Kosovo as part of the European and international transactions.

However, financial reporting situation of businesses in Kosovo continues to be unsatisfactory. Implementation of accounting requirements among businesses remains a challenge and there was little improvement in recent years. The Kosovo Financial Reporting Council (KCFR) as a regulatory body that sets accounting standards has neither the human nor the technical capacity to meet its responsibilities.

The purpose of this paper is to provide a clearer picture on the financial reporting environment in Kosovo, the challenges facing Kosovo in terms of financial reporting and the importance of adopting International Accounting Standards in Kosovo businesses.

  Importance of the Application of International Accounting Standards in Kosovo Businesses (204.7 KiB, 1,606 hits)

Posted in Economics, Volume IV, Issue no. 2Comments Off on Importance of the Application of International Accounting Standards in Kosovo Businesses

Analysis of Financial Performance in the Banking System in Kosovo – the Period 2006-2012

Through this paper we analyse the performance indicators of banks in Kosovo Banking System. According to the works of different authors worldwide, more accurate measurement of bank performance based on accounting data, in the application of coefficients leading financial banks are: Return on assets – ROA, return on equity – ROE and Cost Report to revenue – C / I.

This paper describes the analysis of financial indicators for the period 2006 – 2007 – 2008 – 2009 -2010 – 2011 and 2012.

The paper is organized as follows:
– Section 2 provides literature review on the performance of banks in other countries;
– Section 3 provides an analysis of the banking sector in Kosovo and macroeconomic indicators during the period analysed;
– Section 4 presents the results of analysing the financial coefficients. While section 5 presents financial analysis and provides key conclusions.

  Analysis of Financial Performance in the Banking System in Kosovo - the Period 2006-2012 (645.5 KiB, 4,820 hits)

Posted in Economics, Volume IV, Issue no. 2Comments Off on Analysis of Financial Performance in the Banking System in Kosovo – the Period 2006-2012