Impact of changing EU directives on financial reporting of SMEs in Republic of Croatia

master's thesis

• Title: Utjecaj izmjena direktiva Europske Unije na financijalno izvještavanje malih i srednjih poduzeća u Republici Hrvatskoj
• Author: Sara Granić
• Mentor: Katarina Žager (mentor)
• Committee member: Ivana Mamić Sačer (predsjednik povjerenstva)
• Committee member: Nikolina Dečman (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2015-09-28, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Mala i srednja poduzeća čine preko 90% svih poduzeća u svijetu, a u Republici Hrvatskoj taj broj prelazi 99,5%. Ona su značajna za razvoj svake zemlje jer povećavaju zaposlenost, sudjeluju u prihodima, povećavaju izvoz te pomažu u stvaranju dodane vrijednosti. Iako imaju brojne prednosti nad velikim poduzećima, kao što je veća fleksibilnost upravo radi svoje veličine, također imaju i neke nedostatke od kojih je naznačajniji nedostatak kvalitetnih izvora financiranja. Pošto je računovodstvo izvor kvalitetnih informacija koje svako poduzeće treba osigurati, ono mora biti na pravi način regulirano. U cilju harmonizacije financijskog izvještavanja doneseni su Međunarodni standardi financijskog izvještavanja (MSFI) koji se primjenjuju u EU za kotirajuća poduzeća koja sastavljaju konsolidirane financijske izvještaje, MSFI za MSP jer su puni MSFI bili prekomplicirani za mala i srednja poduzeća, a u Republici Hrvatskoj Zakon o računovodstvu od 2008. godine obvezuje sva MSP na primjenu Hrvatskih standarda financijskog izvještavanja (HSFI) čiji su temelji Četvrta direktiva i MSFI.

Abstract (english)

Small and Medium-Sized Enterprises represent more than 90% of all enterprises in the world. In Republic of Croatia that number is over 99,5%. SME-s are significant for every country's development in terms of increasing employment, income participation, increasing export and generation value added. Although they have many advantages over big enterprises like more flexibility due to their size, they also have some disadvantages of which the most significant is the lack of quality sources of funds. Since accounting provides quality informations that every company should serve, it has to be properly regulated. In accordance to accounting harmonization International Financial Reporting Standards (IFRS) were developed and are obligated in EU for the consolidated financial statements all companies whose securities trade in a regulated market. On 2009 IFRS for SME-s were developed because full IFRS were too complicated for SME-s. Since 2008, Croatian law on accounting obligates SME-s to applicate Croatian accounting standards (CAS) that are based on Fourth Directive and IFRS.

• Keywords: mala i srednja poduzeća; regulacija; harmonizacija; MSFI; HSFI; Četvrta direktiva
• Keywords (english): Small and Medium-Sized Enterprises; regulation; harmonization; IFRS; CAS; Fourth Directive
• Language: croatian
• URN:NBN: urn:nbn:hr:148:051380
• Study programme: Title: Business Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2016-10-26 16:17:07