Course code

127

Course title

SME’S ACCOUNTING

General Information

Program

Undergraduate and Graduate Program

Year

3., 4.

Course holder

Mira Dimitrić, Ph.D.

Course status

Core

x

Elective

Credits and Teaching

Winter semester

Summer semester

ECTS credits / student workload

6 (4)

Hours/ semester

60 (45)

Course objectives

Acquainting students with the specific features of SME’s accounting and accounting standards and regulations for SME’s. Through seminars and practicum students are trained for organizing SME’s accounting.

Correspondence and correlation with other programs

The course content is in correspondence with international programs: Small and Medium Sized Enterpise, and it is comprised within wider framework of courses such as The Management of SMEs, SME Financing and Accounting, Corporate Finance for SMEs. The program correlates with, for example, University of Ulster (UK); University of Bologna (Italy)

Course content

Small and medium-sized enterprises in context of IASB standards for SMEs adoption – definition and characteristics. Reasons and objectives of IASB standards for SMEs. Small and medium-sized entity financial reporting framework – users of financial statements, qualitative characteristics, elements, recognition, measurement, public accountability. Small and medium-sized entity financial reporting standard – accounting policies and elements of financial statements. Accounting of SMEs in Croatia – legal framework and differences regarding big and listed enterprises. Accounting of physical persons – craftsman (tradesmen and people engaged in freelance occupations who are liable to pay personal income tax on self-employed activities) in system of single bookkeeping – accounting principles and business books. Accounting budgeting, accounting supervision (control and inspection) and accounting analysis of small and medium enterprises. Cost and management accounting in small and medium enterprises – state in Croatia, prerequisites and development possibilities. The special consideration in the audit of small enterprises.

Modes of instruction (mark in bold)

Lectures

Seminars and workshops

Exercises

Independent work

Multimedia and the Internet

Distance learning

Consultations

Laboratory work

Tutorials

Field work

Development of general and specific competences, knowledge and skills

Development of competences in organizing accounting for SMEs, and specific knowledge and skills associated to the correlation of regulations for financial statements and tax regulations in this field. Development of specific competences for forming and developing accounting in wider context for SMEs – in the fields of accounting including planning, supervising, analyzing, cost and managerial accounting and auditing of SMEs.