Naslov
The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Croatia

Autori
Šodan, Slavko ; Aljinović Barać, Željana

Izvornik
Accounting in Europe (1744-9480) 14 (2017), 1-2; 40-48

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
accounting harmonization ; national accounting rules ; IFRS ; EU Accounting Directive 2013/34/ EU ; Croatia

Sažetak
We examine the changes in Croatian accounting regulation, in the context of 2013/34/EU Directive implementation and analyse indirect effects of IFRS on national reporting regulation for nonlisted companies. The main goal is to determine the level of conformity between Croatian accounting rules and IFRS as adopted by EU. Analysis shows that IFRS are used in the great extent as a source for provisions in Croatian Financial Reporting Standards (CFRS). There are only a few major differences between Croatian financial reporting standards and IFRS. However, there are a number of IFRS standards that are considered not to be relevant in the context of CFRS, as CFRS are intended to be used only by SMEs. Nevertheless, the management is permitted to use provisions and guidance from IFRS, if CFRS provisions are not applicable to a certain transaction or event.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA