<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The focus of the paper is on identification of hidden patterns in the opinion of accounting professionals, in order to identify the deficiencies in the legal accounting regulations and to examine their perspective on international and legal accounting regulations. The data collected through the questionnaire was divided using clustering data mining technique. We identified different groups of accountants with specific patterns regarding the expressed attitudes towards both regulations, as well as different groups of accountants with specific patterns regarding the way of obtaining information. The findings point to the prevailing negative attitude towards the legal accounting regulations quality, and differences in the habits and attitudes of certified and non-certified accountants, i.e. accountants who (don’t) use International Financial Reporting Standards. Since there are four developed models, we used them as a basis for proposing a model of information seeking that could mitigate negative views on accounting regulations in the national economy. The key points of the proposed model are the introduction of compulsory continuous professional education and certification of all accountants, as well as activities for the popularization and accessibility of the international accounting regulations.</p></abstract>

The focus of the paper is on identification of hidden patterns in the opinion of accounting professionals, in order to identify the deficiencies in the legal accounting regulations and to examine their perspective on international and legal accounting regulations. The data collected through the questionnaire was divided using clustering data mining technique. We identified different groups of accountants with specific patterns regarding the expressed attitudes towards both regulations, as well as different groups of accountants with specific patterns regarding the way of obtaining information. The findings point to the prevailing negative attitude towards the legal accounting regulations quality, and differences in the habits and attitudes of certified and non-certified accountants, i.e. accountants who (don’t) use International Financial Reporting Standards. Since there are four developed models, we used them as a basis for proposing a model of information seeking that could mitigate negative views on accounting regulations in the national economy. The key points of the proposed model are the introduction of compulsory continuous professional education and certification of all accountants, as well as activities for the popularization and accessibility of the international accounting regulations.

Assessment of the Accounting Regulations in the Republic of Serbia: Application of Cluster Analysis

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The focus of the paper is on identification of hidden patterns in the opinion of accounting professionals, in order to identify the deficiencies in the legal...

Assessment of the Accounting Regulations in the Republic of Serbia: Application of Cluster Analysis

Published Online: Dec 31, 2020

Page range: 545 - 571

Received: Jul 22, 2020

Accepted: Sep 29, 2020

DOI: https://doi.org/10.2478/ethemes-2020-0031

Keywords
International Financial Reporting Standards, accounting regulations, quality, accountants, clustering, data mining

© 2020 Sunčica Milutinović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Assessment of the Accounting Regulations in the Republic of Serbia: Application of Cluster Analysis

Published Online: Dec 31, 2020

Page range: 545 - 571

Received: Jul 22, 2020

Accepted: Sep 29, 2020

DOI: https://doi.org/10.2478/ethemes-2020-0031

KeywordsInternational Financial Reporting Standards, accounting regulations, quality, accountants, clustering, data mining

© 2020 Sunčica Milutinović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
International Financial Reporting Standards, accounting regulations, quality, accountants, clustering, data mining