Assets Measurement Principles According to Croatian and Polish Accounting Standards

Ivana Mamic Sacer , Beata Zyznarska-Dworczak

Abstract

There are many kinds of international operations, and entities from different countries can operate in different regulatory frameworks. This is why comparative international accounting has become more and more important. There are great efforts made by the EU, the IASB, the FASB, and other institutions in order to achieve comparable financial statements. Still, there are many accounting differences among the countries. The EU member states are restricted by the European Regulation on the application of the IFRS but the regulation of accounting principles for micro, small, and medium sized entities represents the national regulators’ choice. The main goal of the paper is to provide a description of the existing accounting framework and the standard setting process in two European countries: Croatia and Poland. Research methodology is based on a critical analysis of scholarly literature and the comparison of Polish and Croatian Accounting Acts, Polish Accounting Standards and Croatian Financial Reporting Standards, in terms of main accounting principles for assets. The authors test the thesis that the national accounting standard setting process affects the form and content of accounting principles and standards. Therefore, the research focus is related to several accounting areas and the paper investigates accounting principles for different kinds of assets.
Author Ivana Mamic Sacer
Ivana Mamic Sacer ,,
-
, Beata Zyznarska-Dworczak (WZ / KR)
Beata Zyznarska-Dworczak,,
- Department of Accounting
Journal seriesCroatian Economic Survey, ISSN 1330-4860, e-ISSN 1846-3878, (N/A 20 pkt)
Issue year2020
Vol22
No1
Pages41-64
Publication size in sheets1.15
Keywords in Polishzasady rachunkowości, standardy rachunkowości, sprawozdawczość finansowa, Chorwacja, Polska
Keywords in Englishaccounting principles; accounting standards; financial reporting standards; Croatia; Poland
ASJC Classification2000 General Economics, Econometrics and Finance; 2002 Economics and Econometrics
DOIDOI:10.15179/ces.22.1.2
URL https://hrcak.srce.hr/238932
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 29-06-2020, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.362
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