The Connection between Accounting and Taxation from the Perspective of Preparing the Financial Statements

Nexhmie Berisha Vokshi

International Journal of Economics & Business Administration (IJEBA), 2018, vol. VI, issue 4, 34-47

Abstract: Business organizations apply international and national accounting standards to construct publicly available financial statements and financial reporting, but the respective goals, principles and requirements of accounting and taxation are not always the same. Based on this fact, this paper aims to address important issues related to the presentation of the economic reality in Kosovo, where the existence of the accounting-taxation relationship when preparing financial statements produces its effects depending on the degree of intensity that characterizes this relationship. Using research results, this paper provides an overview of the reporting regulatory framework in both reporting areas and points to the correlation between financial and fiscal reporting in the preparation of financial statements, classifying this relationship in one of the five categories recognized in international literature.

Keywords: Accounting; taxation; accounting information; financial statements; financial reporting; fiscal reporting. (search for similar items in EconPapers)
JEL-codes: H29 M41 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:vi:y:2018:i:4:p:34-47

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