Naslov
The appliance of IFRS in financial reporting system in Croatia

Autori
Perčević, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
MicroCAD 2008 International Scientific Conference - Economic Challenges / Dobroka, Mihaly - Miskolc : University of Miskolc, 2008, 159-164

ISBN
978-963-661-812-4

Skup
MicroCAD 2008 International Scientific Conference - Economic Challenges

Mjesto i datum
Miskolc, Mađarska, 20.03.2008. - 21.03.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
IFRS; financial reporting system; tax law; SME; national accounting standards

Sažetak
The main purpose of every financial reporting system is to provide fair and objective financial information regarding financial position and profitability of a company to all interested users of such information. Therefore, financial reporting system should be based on certain principles which ensure the accuracy of financial information presented in financial statements. Today's business world characterises the globalisation process which is taking place in accounting also. Because of a globalisation process, financial statements of companies from different countries are simply needed to be comparable. In order to achieve a high level of harmonization in accounting systems, IFRS have been developed. The main purpose of IFRS is to ensure the compatible financial reporting of companies which are listed on the regulated markets. Other companies which are not listed on regulated markets may apply national accounting standards for external financial reporting. Accounting system in Croatia is following the world’s trends in financial reporting. Financial reporting in Croatia is defined through Accounting Law and the appliance of IFRS. There are certain problems with consistent application of IFRS, especially for small and medium sized entities.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA