Naslov
Accounting and legal aspects of clearing

Autori
Filipović, Ivica ; Bartulović, Marijana ; Šušak, Toni

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

Izvornik
CIET 2018 Conference proceedings / Plazibat, Bože ; Kosanović, Silvana - Split, 2018, 300-307

ISBN
978-953-7220-29-7

Skup
3rd international scientific and professional conference Contemporary Issues in Economy & Technology (CIET 2018)

Mjesto i datum
Split, Hrvatska, 01.06.2018. - 02.06.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
accounting ; cashless payment ; civil law ; clearing ; liquidity

Sažetak
Under the Croatian civil law system legal entities can apply certain legal concepts to settle mutual claims and liabilities without using cash. Companies with liquidity issues can use this form of payment to settle their current liabilities without unnecessary increase of debt. Relevant forms of clearing elaborated in this paper are set-off (compensation), assignment of claim (cession), assumption of debt and assignment (assignation). Primary focus will be directed on accounting journal entries used to record these transactions in business books and legal provisions which constitute the framework for such activities. Aforementioned forms of clearing are regulated by Croatian Civil Obligations Act (OG 35/05, 41/08, 125/11, 78/15) in Title VI – Alterations in Obligations and Title VII – Termination of Obligation.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA