Review article

Public Sector Accounting in Slovenia and Croatia

Tatjana Jovanović ; Faculty of Administration, University of Ljubljana, Slovenija

Abstract

The recent financial and economic crisis has intensified the ongoing challenge countries have been facing to improve the information served by public accounting. The crisis has revealed that accounting based on the accrual principle provides a more transparent and complete overview of business activities and assets than accounting based on the cash principle. The paper analyses and compares accounting systems in Slovenia and Croatia in order to assess the conditions for transparent and management-oriented financial information and the progress of implementation of the accrual principle in budgeting. It reveals that, regardless of the stage of accrual implementation in national accounting legislation, the
planning and execution of state budgets (that is, budgetary accounting) is still based on the cash principle.

Keywords

public sector accounting; budgetary accounting; accrual principle; cash principle; accounting reforms; Slovenia; Croatia

Hrčak ID:

152453

URI

https://hrcak.srce.hr/152453

Publication date:

4.12.2015.

Article data in other languages: croatian

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