engleski

Croatian Small and Medium-Sized Enterprises Accounting Development and International Harmonization

Croatian Accounting Act introduced direct implementation of International Accounting Standards on mandatory basis in 1993, what was a way not only to reform the existing accounting system, but also to take a part in international accounting harmonization. The process was developing successfully, but still with a number of problems, particularly with IAS implementation in small and medium enterprises (SMEs). Searching for their solution, particularly useful material discussed in the paper is the proposal on “ Accounting by Small and Medium-Sized Enterprises” by UNCTAD, Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting. The paper examines the successfulness of the accounting development and harmonization in Croatia based on the empirical research of the random sample of Croatian small and medium enterprises. Along with the analysis of the present situation, prospective of Croatian accounting development flows are discussed, particularly from the point of view of SMEs.

accounting development; harmonization; small and medium enterprises

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