Contabilidade e regras contábeis na Sérvia

Accounting Rules

Tax Year

The financial year begins on 1 January and ends on 31 December of the same year.

Accounting Standards

All enterprises from the largest listed companies to the smallest unincorporated proprietorships must comply with IFRS.

Accounting Regulation Bodies

Accounting Reports

All accounting operations must be recorded in the journal (dnevnik) in chronological order or according to the order of receipt of the accounting documents. In the ledger (glavna knjiga) all the accounts appear (changes concerning ownership, liabilities, capital, revenue and expenditure). This document is a basis for creating financial reports. The annexes (pomocne knjige) are analytical documents for non-material investments : real estate, equipment and machines, long term financial investments, stocks etc.

Companies must draw up financial reports for the current year : a balance sheet of current financial standing (bilans stanja), a statement of income (bilans uspeha), report on liquid assets (isvestaj o tokovima gotovine), report on changes concerning capital (izvestaj o promenama na kapitalu), explanatory notes (napomene uz finansijske izvestaje) and annexes (statisticki aneks).

Publication Requirements

The obligations concerning publication and audit depend on the size of the company.
All companies must file their financial reports with the National Bank of Serbia, by the end of February for small companies and by the end of April for medium-sized and large companies. The Bank handles these reports and publishes the financial standing of the companies.

Professional Accountancy Bodies

The Association of Accountants and Auditors of Serbia

Certification and Auditing

Auditing is mandatory for large and medium-sized companies, it is optional for small companies which can be audited by the fiscal administration. The audit must be carried out according to international standards, by members of the Chamber of Certified Auditors (Komora ovlascenih revizora). You can contact an external auditor: Deloitte, PricewaterhouseCoopers, Ernst & Young, KPMG.

Accounting News