Од традиционалног ка модерном финансијском извештавању - колика је цена модернизације?

The process of modernization of financial reporting, which was accelerated at the turn of this century, has provided certain benefits to users of financial reports, global financial markets, and the global economy. However, the integrity and transparency of accounting logic and its independence from the volatility of market prices, which adorned the traditional financial reporting, is not as apparent in the modern financial reporting. The set of accounting standards that are currently globally used is not fully consistent and is subject to frequent changes, which makes its proper use difficult and calls into question the realization of the expected benefits of global standardization of financial reporting. Moreover, modern financial reporting has disrupted the relationship between the important qualitative characteristics of accounting information and has violated some of the fundamental accounting principles that had been developed for centuries. Therefore, there is justifiable concern that the entire structure of financial reporting could collapse due to the shaken foundations. This paper reviews the biggest obstacles and stray paths on the road that modernization of financial reporting has taken.