Analysis of the accounting law of non-profit organizations in Republic of North Macedonia-Challenges and Recommendations

Koleva, Blagica and Mitreva, Mila (2023) Analysis of the accounting law of non-profit organizations in Republic of North Macedonia-Challenges and Recommendations. International Academic Institute-IAI Academic Conference Proceedings, Florence, Italy. ISSN 2671-3179

Text conference proceedings-paper-Blagica, Mila.pdf Download (328kB)

Abstract

Non-profit organizations are obliged to keep accounts, compile and submit accounting statements in accordance with the law and accepted accounting principles, accounting practices and accounting standards. The main aim is to create accurate, reliable and up-to-date statements of balance positions, both the assets and liabilities, sources of funds, income and expenses and the results of operations. The law on accounting of non-profit organizations regulates the keeping of accounts, business books, accounting
documents and data processing, recognition of income and expenses, assessment of balance sheet positions, submission of financial statements and other issues related to accounting. Additionally, non-profit organizations are obliged to keep accounting according to the system of double-entry accounting and according to the schedule of accounts from the accounting plan for nonprofit organizations. The law on accounting of non-profit organizations prescribes the accounting principles and rules, as well as the content of the basic financial information that is disclosed by civil organizations to interested parties. The purpose of this paper is the analysis of the law on accounting of non-profit organizations. In addition to the legal framework, this analysis also includes
research through the form of a survey questionnaire as well as direct interviews with relevant representatives regarding the application of the law. The analysis provides a detailed overview of the current legal regulations, as well as recommendations for their revision. The subject of the paper is the management of accounting, business books, accounting documents and data processing, financial statements, as well as other issues related to the accounting of non-profit organizations.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Mila Mitreva
Date Deposited:	09 Feb 2024 12:07
Last Modified:	09 Feb 2024 12:07
URI:	https://eprints.ugd.edu.mk/id/eprint/33501

Actions (login required)

View Item