Abstract:The paper discusses theoretical and practical aspects of calculating impairment of receivables in relation to the reality of financial reporting. The aim is to investigate the practice of calculating impaired receivables of the legal persons in the Republic of Serbia, with the aim to identify any failure (irregularities) that may affect the quality of financial reporting. Many business entities have a large number of individual small buyers. The research herein conducted reveals that very few legal persons who determine impairment of receivables claim in the proper way, by treating a large number of individual small buyers as one portfolio. In this sense, we believe that the content of the paper and conclusions arising from it would encourage accountants to change the way of calculating impairment of receivables.

Apstrakt: U radu se obrađuje regulativa u EU i Republici Srbiji iz oblasti nefi nansijskog izveštavanja. Predmet istraživanja je nefi nansijsko izveštavanje u poslovanju "Eminent d.o.o. za proizvodnju i promet, Subotica", kao učesnika tekstilne industrije u Republici Srbiji. Izradom i obelodanjivanjem nefi nansijskih izveštaja učesnici u tekstilnoj industriji povećavju transparentnost i uporedivost svojih fi nansijskih performansi. Preporučuje se primena nefi nansijskog izveštavanja u oblasti tekstilne industrije i za one učesnike koji nisu prema regulatornim okvirima obavezni, u cilju povećanja njihove dodatne vrednosti i mogućnosti da posluju sa kompanijama koje su obavezne da obelodanjuju nefi nansijske izveštaje. Glavna hipoteza sa početka rada je potvrđena i predložene su nove mogućnosti za dalja istraživanja u pogledu nefi nansijskog izveštavanja za učesnike u tekstilnoj industriji.Ključne reči: tekstilna industrija, nefi nansijsko izveštavanje, Direktiva EU Abstract: The paper deals with regulations in the EU and the Republic of Serbia in the fi eld of non-fi nancial reporting. The subject of research is non-fi nancial reporting in the business "Eminent doo". for production and trade, Subotica ", as participants in the textile industry in the Republic of Serbia. By creating and disclosing non-fi nancial reports, participants in the textile industry increase the transparency and comparability of their fi nancial performances. It is recommended that nonfi nancial reporting in the textile industry is applied and for non-regulatory actors mandatory in order to increase their added value and the ability to deal with companies that are obliged to disclose non-fi nancial reports. The main hypothesis from the beginning of work has been confi rmed and new possibilities for further research regarding non-fi nancial reporting for participants in the textile industry are proposed.

The paper discusses theoretical and practical aspects of calculating depreciation of fixed assets in the Republic of Serbia. The aim is to investigate the practice of calculating depreciation of fixed assets in enterprises in the Republic of Serbia in order to determine the possible failure (irregularities) that may affect the overall quality of financial reporting. Correct calculation of depreciation of fixed assets provides a realistic representation of depreciation expenses in the income statement and real value of fixed assets in the balance sheet. Based on the research conducted, the paper will reveal systemic irregularities in calculation of depreciation of fixed assets. In this sense, we believe that the content of the paper and conclusions arising from it will encourage accountants in various companies to change the way of calculating depreciation of fixed assets.

An entrepreneur is a business-able physical person who performs activities to gain the profi t and who is registered according to law. Starting from the national and theoretical and legal solutions and court practice from comparative law, the authors analyze the concept and the legal position of an individual entrepreneur noticing the problems and inconsistencies in legal regulations. Th e authors of the work make a few conclusions and suggestions: 1) terminology is not coordinated with legal terminology from comparative law. In our law, the legal term is "entrepreneur", which is a too wide and unspecifi ed term because in economic profession this term represents the genus term for individual and collective entrepreneurship; 2) analyze all forbidden activities for entrepreneurs, judge the reasons pro et contra and work on eliminating prohibitions and favoring legal entities; 3) set by law the bankruptcy of an individual entrepreneur i.e. the individual bankruptcy of a physical person; 4) work on passing a separate legislation in the fi eld of the individual entrepreneurship, especially on passing and changing the laws which would regulate handicraft s (including old craft s and jobs of home industry), free professions as well as agricultural activity.

Financial Technologies, or abbreviated FinTech, is the name used for companies that develop or use the latest information technology in order to improve financial services. Their development requires considerable experience and knowledge from the existing financial market and banking. These companies focus on the end user in order to develop the best technological solutions for providing financial services by observing and studying their needs and habits, with the help of rapid technological development in the IT sector, on the one hand, and on the other hand, the slowness and imposition of strict conditions for the banking sector and its corresponding regulations. The emergence of such companies lately and their rapid penetration into the market has begun to threaten the position of traditional banks and even induce customers to leave the traditional financial institutions such as banks. Banks are becoming aware of the growing competition from Fintech companies and are trying to find satisfactory solutions to keep their customers. At the same time, in the era of general currency digitization and the development of crypto-currency, banks also face the challenge on the other side, which comes from the Central Banks. Central banks have begun to consider issuing their digital currency CBDC-the central bank digital currency, or the digital form of existing money as a legal means of payment, such as current banknotes and coins. This changes the direction of supply of money for the new digital economy from the state, that is, from the level of the Central Banks, which would change from different forms of crypto-currency, such as bitcoin etc. at CBDC. These banks are facing new challenges because the Central Banks can become competitors to commercial banks in the segment of deposit and payment transactions. This sets new tasks and regulatory challenges to the banking system in terms of carefully regulating the relationship of the Central Banks as regulatory institutions and systems of commercial banks in the future.