The goal of the course is to acquire basic knowledge in the field of accounting regulation by introducing students to International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and Croatian Accounting Standards (CAS), and the specifics of financial statements of the budget and budgetary users, and financial statements of associations and non-profit organisations. Training students for the application of regulation in the process of compiling financial statements.
The regulatory framework of financial reporting. Objectives and qualitative characteristics of financial statements in accordance with IAS/IFRS/CAS. Recognition and valuation of assets, liabilities, income, and expenses. Preparation and presentation of financial and annual statements. Disclosure of financial and annual statements. Consolidation of financial statements. Analysis of financial statements. Financial reporting of the budget and budgetary users. Financial reporting of associations and non-profit organisations.
