engleski

Quality of Croatian hospitality accounting reporting system

Quality of accounting reporting system reflects the accomplished development stage of the accounting information system and its ability to satisfy different external and internal accounting information needs. One of the most important sources of information about the efficiency of any business subject are financial statements. They are intended to provide information on the resources available to management, on how these resources were financed, and on what is accomplished with them. Therefore, the paper considers the financial statements reporting requirements. The quality requirements of financial reports are set in International Accounting Standards (IAS), in American Generally Accepted Accounting Principles (US GAAP), in EU- Directives, and in Uniform System of Accounts for The Lodging Industry (USALI). A degree of conformity of financial statements with the requirements of international capital markets is also examined in the paper. Quality of accounting information for the internal users is primarily the result of the achieved development of management accounting. Modern system and method of accounts, professional and educational level of accountants and hotel-managers also contribute to the quality of internal and external reports. Precise, complete and understandable information presented in reports are the precondition for the quality decision-making. Accounting reporting system set in such way is a very important sub-system of the total hotel management information system. Quality of Croatian hospitality accounting reporting system is presented through the achieved development stage of accounting reporting based on research of representative sample of Croatian hospitality industry.

quality; accounting reporting system; financial statements; USALI; Croatian hospitality industry

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