engleski

UNCTAD (ISAR)'s Guidelines for SME Accounting: the Possibilities of Implementation in Croatia

This paper presents the guidelines on SMEs accounting and financial reporting developed by UNCTAD-ISAR (Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting) on the basis of selected International Accounting Standards. The ISAR's project was completed in 2003, when the IASB's project on SMEs accounting began. A short review of ISAR's guidelines for SMEs - level 2 and level 3 entities is provided, followed by an empirical analysis of the possibilities of their application in Croatia. Actually, the research was focused on exploring the implementation of 16 IASs that formed the basis for ISAR's guidelines development, in the sample of Croatian SMEs. This could be of some use for the standard-setters in their considerations of applying some kind of international set of standards feasible to SMEs, as the option in future accounting developments in Croatia, since currently, national accounting standards are introduced for all the enterprises, except the large and listed ones, by the latest Croatian Accounting Act in force from January 2008.

accounting; financial reporting; SMEs; harmonization; UNCTAD-ISAR

časopis "Revizor" ima međunarodno uredništvo i inozemne recenzente