Vesna Vašiček

The perspectives of IPSASs introduction in Croatian public sector

Some countries base national public sector accounting standards on IPSASs, keeping their own national sovereignty, others prepare IPSASs compliant financial statements, while some intend to change to accruals and consult IPSASs. This paper contributes to the literature on IPSASs implementation and adoption by highlighting changes in progress in Croatia, where neither national public sector accounting standards are developed, nor IPSASs appliance mandatory required, whilst IPSASs are recommended by regulations. This study aims to broaden international discussions about public sector accounting reforms, reflect on Croatian public sector accounting developments, examine the implementation level of accounting solutions defined by IPSASs in Croatian public sector, and specify eligible tendencies towards more comprehensive IPSASs appliance. We discuss the requirements of and compliance with IPSAS 6, 22 and 24. The study shows that although IPSASs are not obligatory enacted in Croatia, certain Croatian public sector financial reporting procedures comply with those recommended by IPSASs.

Cost Planning and Controlin Croatian Public Sector

Abstract To examine the state of managerial accounting use in Croatian public sector, the survey based on the questionnaire made was conducted in 2006 and 2011. The questionnaire was sent to 150 organizations and units in public sector and it consisted of 24 questions. The total of 123 units responded to the questionnaire in 2006, while 88 public sector units and organizations returned the answered questionnaire in 2011. In this paper the authors present empirical results of the research conducted. The results prove that cost management for purposes of cost planning and control in Croatian public sector is still undeveloped and still not sufficiently used in the process of determining budgetary spending. Also, the authors provide possible solutions for better usage of managerial accounting in Croatian public sector.

The Comparison of Public Sector Accounting between Croatia and Bosnia and Herzegovina

The decisive influence on the shaping of governmental accounting at the country level comes from two sources. The national source defines the specifics that are conditional and dependent on one country social system and economic development, nation’s level of education and intellectual capital as well as on country’s customs, tradition and culture. The international sources are harmonization and unification of methodological and legislative frameworks and national accounting practices, which further lead to reducing national specifics. The transfer and use of other countries’ experiences into national frameworks have its special features with both good and bad sides.