Tag Archives: GAAP

Downpayments – a VAT credit right in case of registration under the VAT Act

I will neither comment on the general conditions of the VAT credit right nor the overall procedure of using a VAT credit in case of registration under the VAT Act. I will only review the possibility of a VAT credit … Continue reading

Posted in Taxes, VAT act
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The Accounting Standards – a few issues which no one talks about

No matter if the company applies National Financial Reporting Standards for Small and Medium Enterprises (NFRSSME) or International Financial Reporting Standards (IFRS) or any other accepted accounting standards, a system for their proper and systematic implementation is necessary to be … Continue reading

Posted in Accounting, Accounting practice, Accounting standards, Business, Business process management, Software
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