The convergence of governmental and non-profit sector accounting in transition countries: the case of Croatia (CROSBI ID 573774)
Neobjavljeno sudjelovanje sa skupa | neobjavljeni prilog sa skupa | međunarodna recenzija
Podaci o odgovornosti
Roje, Gorana ; Vašiček, Vesna ; Vašiček, Davor
engleski
The convergence of governmental and non-profit sector accounting in transition countries: the case of Croatia
This paper provides a perspective on the development of governmental and non-profit sector accounting in Croatia. Precisely, in considering the adequacy of Croatian non- profit sector accounting and financial reporting model, this paper uses qualitative analysis to evaluate the appropriateness of former and existing accounting regulation and financial reporting framework with respect to user needs, as well as to compare the degree of non-profit sector accounting and financial reporting system reform changes to the development of the governmental accounting and financial reporting system. By emphasizing the challenges of accrual accounting in governmental and non-profit sector in developed countries, our study implies that following the international trend of accruals affirmation and implementation, financial reporting reforms in Croatia have so far resulted in implementing quality solutions that represent a good basis for further adjustment and development of non-profit sector accounting system, and are driven toward full accruals or somewhat modified accrual basis implementation. We find that since 2008 Croatia has made a significant step towards the convergence of governmental and non-governmental organizations’ accounting systems and towards harmonizing their financial reporting systems, which prior to 2008 diverged greatly. Such a chosen reform path enables the set up of a consistent and modern non-profit sector accounting system.
convergence of accounting and financial reporting systems; government sector; non-profit sector; regulatory framework; Croatia
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Podaci o prilogu
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Podaci o skupu
13th Biennial CIGAR Conference Bridging public sector and non-profit sector accounting
predavanje
09.06.2011-10.06.2011
Gent, Belgija