Accounting During Three Time Periods: The Case of Kosovo

Year 2013, Issue: 5 - Issue: 5, 1 - 8, 01.07.2013

Arben Dermaku Gazmend Luboteni Nexhmie Berisha-vokshi Arber Hoti

Abstract

It is impossible to evaluate the accounting process without first
considering the socio-economic arrangements that Kosovo hasundergone.
Without pretending to make subjective conclusions on any socioeconomic
system in this paper we have tried to consider the characteristics of accounting
through different time periods in Kosovo. By separating the time periods
analyzed int three time periods we pretend to evaluate and analyze the role
of accounting during these periods. The first period will include the role of
accounting up until 1990, second period will include the role of accounting
from 1990 until 1999, and thethirdperiod will includetheperiodfrom 1999
until 2013. The research paper concludes that the trend of fair presentation of
financial statements in a transparent and legal manner is growing even though
there is a negative climate in relation to this trend. We have also found that
education at the national level in terms of knowledge relating to financial
reporting is lacking because the population did not live in a social economic
system that has had enough awareness for these reports; for the publicly
owned entities we have found the same old story in terms of transparency, and
they faced the same trend ofno-reporting of financial position and financial
performance.
Regarding the accounting we found an undesirable situation in the
sense that the financial reporting was not done at regular intervals. Looking
from 1999 until 2009 we have found a bad situation with regards to financial
reporting. There were no differences by socially owned, public or private
entities, because the processs of privatization of socially ownedentities was
under taken in Kosovo where low culture was seen during this process in
terms of financial reporting

Keywords

Socio-Economic System, Accounting, Kosovo.