Accountancy in Croatia: European bases and Balkan simplicity

Accountancy in Croatia

In Croatia, for newly established business as well as the pre-existing ones that aim towards a successful development, it is crucial to have good accountancy services. In Croatian system, as in all other countries, the accountancy is based on a complex process that allows companies to keep track of their own actual work. The fundamental aspect, however, is the presentation of various types of financial reports that consequentially reflect the company’s financial health. The latter, on the other hand, provides data about legitimacy of the company risk as well as the invested capital. Furthermore, accountancy consists of the so called “accounting books” that include more special ledgers, the general ledger and the income and expenses ledger.

To simplify rules and acts regarding the most important regulations that are standardizing the field of accountancy in Croatia, please find listed below some of the main references related to the topic:

  • GU 109/07: the Law on Accounting
  • GU 146/05: the Law on Revision
  • GU 96/03: the Budget Law

 

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