Naslov
Accounting Legislation For SME In Croatia And European Union
(Accounting Legislation For Sme In Croatia And European Union)

Autori
Čevizović, Ivan ; Remenarić (Glasnović), Branka ; Broz Tominac, Sanja

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

Izvornik
Economy and Business, International Scientific Publication / Cingula, Marijan - Carlton : Info Invest, 2008, 305-312

Skup
Economy and Business, International Scientific Publication

Mjesto i datum
Bugarska, 01.09.2008. - 05.09.2008

Vrsta sudjelovanja
Poster

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Accounting legislation ; SME ; financial reporting ; International financial reporting standards ; Croatian financial reporting standards

Sažetak
The need for financial reporting regulation, in the way and according to rules of market economies, has appeared after Croatia become independent. In that context, at the end of 1992 the Accounting Law has been adopted in Croatia, which applied from January 1st 1993. With this Law use of International Accounting Standards (IAS) was obligatory for all companies. The important characteristic of this Law was also its compatibility with 4th and 7th Directive of European Union. Problems arising from implementation of Law after 2000 together with a Croatian desire for full membership in EU have imposed a numerous steps to be undertaken, with a purpose to harmonize Croatian legislation with the legislation of EU. One of the most important steps is harmonization of accounting legislation. The most important EU documents on this field are 4th Directive – Annual accounts of certain types of companies, 7th Directive – Consolidated accounts and resolution on IAS use. As a result of undertaken steps a new Accounting Law was adopted by Croatian Parliament on 29 November 2005. This Law appliance began January 1st 2006. According to this law big companies and listed companies were obliged to use International Financial Reporting Standards (IFRS), and all other can decide to use IFRS or standards adopted by the Croatian Financial Reporting Standard Board. At the end of 2007 new law is adopted and all companies are obliged to use Croatian Financial Reporting Standards (CFRS). Big companies and listed companies are obliged to use IFRS. The goal of this paper is to critically present changes in Croatian accounting legislative which purpose is to harmonize with the EU requests. Furthermore, the goal of this paper is also to investigate accounting regulation for SME’ s in EU and Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA