The perspectives of IPSASs introduction in Croatian public sector

Abstract

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.

Should Slovenia Transform the Accounting in Public Sector?

“…From 2002 Croatia has had its own accounting framework set up as a law-based system and has not had national public sector accounting standards developed, nor has applied accruals in government accounting system, nor has had IPSAS enacted as obligatory (but only recommended by the legislation), has complied certain existing accounting procedures with those recommended in IPSAS. The gradual transition from cash to accruals in the government financial reporting led Croatia towards the introduction of accruals in governmental financial reporting, the reconciliation and eventual consistency of accounting basis adopted for financial reporting with the accounting basis adopted for the budget, and the reconciliation and presentation of differences between statistics' reports on public expenditures' and the amounts in financial statements (Roje, Vašiček, & Hladika, 2012).…”

Public Accounting Reporting, under an Achievable Metamorphosis?

“…Our study is focussed on public accounting development at European Union (EU) level, as an important pillar of qualitative management, defined by high transparency and incentive performance 1 . The New Public Management theory suggests that managerial system specific to the private field is a requirement 2,3 for the public sector due to the highly increasing power of stakeholders over bureaucracy 4 .…”

Reforma da contabilidade pública e os tribunais de contas

“…Diversos estudos têm tratado do processo de convergência às normas internacionais de contabilidade no setor público (IPSAS), comparando países como Dasi et al (2013), Christiaens et al (2010), Adhikari et al (2012), Caba-Perez et al (2009) e Villegas e Julve (2012), ou estudos em único país e seus governos locais, como Roje et al (2012), Simpson (2012, Sour (2012), Yamamoto (2013), Pina e Torres (2009). Em geral discutindo o conteúdo da norma adotada naquele país.…”