Naslov
Role of Accounting Profession in Transition Conditions-Focus on Croatia

Autori
Ramljak, Branka

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
International Symposium on Economic Theory

Mjesto i datum
Atena, Grčka, 06.08.2007. - 09.08.2007

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Računovodstvo; profesija; tranzicija
(Accounting; Profession; Transition)

Sažetak
This paper deals with the role of accounting profession in transition conditions, following the professional behaviour of accountants in compliance with the highest professional standards. The accounting profession is very important for the entire operation of an enterprise, especially in terms of creating information to meet the needs of internal and external users. Considering the vast quantity of information related to the financial position, performance, etc, the accounting profession is now faced with stricter and more demanding requirements for relevant responses. This assumes a larger fund of knowledge in accountants and their higher responsibility for created information. In transition countries, the role of accounting may be even more important, as a number of ongoing processes, primarily transformation of ownership, require a vast quantity of data and information. Privatization process is still of a prominent interest for most countries in transition. The entire procedure requires evaluation of enterprise (product evaluation) before the ownership can be transformed and distributed among potential participants: employees, managers, or any external equity holders. Correct evaluation of enterprises is a vital element in attracting foreign investors, while product evaluation is important for internal control and product pricing. The current situation in transition economies still differs but the desired condition is on the level of market related transparency and uniformity that will attract foreign capital and encourage efficient costing of products, services and capital. The paper will endeavour to find out to which extent the Croatian accounting system has managed to meet the EU requirements, and how its achievements compare to those of the other countries in transition. At the end the research results will be provided on the professional behaviour of accountants in Croatian companies with a special emphasis on application of IAS and the role of management in the process of financial reporting especially in terms of meeting the EU requirements.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA