Are Information Needs of Financial Entities served by Financial Statements in the Slovak Republic

This paper is focused on hypothesis that the financial statements prepared in accordance with the national accounting regulation in The Slovak Republic provide enough information for financial entities to decide whether or not to loan money. Since 1 January 2015 business accounting entities keeping accounts in the double-entry bookkeeping system are classified into 3 groups according their size and different reporting requirements are set for the each group. The micro accounting entity is the the main object of analysis in this paper because its financial statements are the briefest one possible to drawn according the legislation which may be in the contradiction with the high bar to qualify for a loan.