Accounting Reform in Croatia

Mira Dimitrić
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Mira Dimitrić: University of Rijeka

Chapter 4 in Accounting Reform in Transition and Developing Economies, 2008, pp 67-88 from Springer

Abstract: This chapter deals with the most important factors and difficulties that influence the accounting reform and harmonization process in Croatia. It analyzes the implementation of International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) in Croatian accounting practice and judges the degree of accounting development in financial institutions. The aim of this chapter is to provide a global framework for the Croatian corporate income tax system from the point ofview of its accounting application and to judge the usefulness of traditional and modern costing systems in enterprises in transition and Croatian enterprises as well. The first part of the chapter discusses the background of the accounting harmonization process in Croatia concerning the legal system, the prevailing capital market system, accounting organizations and board impact, and historical conditions. It describes some specific Croatian features, such as the consequences of the war, the privatization process, changes in the banking sector, economic development in the last few years, and the globalization process.

Keywords: European Union; International Financial Reporting Standard; Financial Instrument; Generally Accept Account Principle; Financial Account Standard Board (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-25708-2_4

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DOI: 10.1007/978-0-387-25708-2_4

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