engleski

Adaptation Possibilities of Transitional Countries to Accounting Harmonization of EU - the Case of Croatia

The paper deals with the most important factors that influence accounting harmonisation process in a particular country as: (1) belonging to a Roman or Anglo-Saxon law system, (2) prevailing capital market system and enterprises financing, (3) accounting organizations and boards impact and (4) historical conditions. It analyses implementation of International Accounting Standards in Croatian accounting practice in the areas of: accounting reporting, tangible and intangible assets accounting, income, costs and profit or loss accounting and financial instruments accounting. Four groups of difficulties connected with International Accounting Standards implementation in transitional countries are researched: (1) difficulties connected with law prescriptions and regulations, (2) difficulties connected with concept, structure and contents of International Accounting Standards, (3) difficulties connected with undeveloped capital and financial markets and (4) difficulties connected with insufficient experience and number of experts in the area of valuation and performance judgement.

accounting harmonization; Croatia

nije evidentirano