BUSINESS FINANCING AND THE IMPACT OF IFRS ON THE FINANCIAL RESULTS’ ACHIEVEMENT AND PRESENTATION OF COMPANIES ENGAGED IN GLOBAL BUSINESS
DOI:
https://doi.org/10.46793/GlasnikDN18.1.177DKeywords:
business financing, international economic environment, accounting principles, IFRS, financial statements, profit, profit marginAbstract
Modern business operations take place under conditions of intense globalisation, increased competition, and constant changes in international financial markets. In such an environment, business financing is one of the key factors for sustainable growth and long-term stability. Aligning financial decisions with internationally accepted accounting principles, particularly with the International Financial Reporting Standards (IFRS), is of special importance, as they ensure the transparency, comparability, and reliability of financial information. The subject of this paper is the analysis of business financing in the international economic environment, with a special focus on the application of accounting principles in the financial decision-making process. The aim of the paper is to determine the role of accounting standards in securing quality sources of financing, reducing financial risks, and strengthening the trust of investors and creditors. The paper is based on an analysis of relevant domestic and foreign literature, as well as the application of scientific methods of analysis, synthesis, and comparison. The research findings indicate that the consistent application of international accounting principles positively impacts the efficiency of business financing and a company's competitive position in the global market.
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