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Financial accounting is a legal obligation for each entrepreneur, as well as an important source and support for business decisions. Although (too) often for many entrepreneurs accounting represents only „the necessary evil“ (and a costly one, too), more often do they become aware of the importance of accounting for business projects, as well as a source of information for proper business growth and movement of current economic initiatives. Financial accounting encompasses a complex monitoring procedure of all developments within the company, even the...
There are several interested external users of financial reports, as well as of other accounting information. They are: - Investors – their main interest is getting an answer to the question if the investment of capital in the establishment of the company was worthwhile and if it created a new value (profit) or if the invested value was partially or completely lost. Apart from current investors, potential new investors are also interested in getting an answer to the question whether the company they want to invest their free capital in is capable of...
In February 2011, on our Office's initiative, the BDM Club was founded. The BDM Club is a business forum of entrepreneurs, founded with a view to assembling entrepreneurs from Istria and...
Personnel records is a set of data on employees employed in a company. Employees are natural persons who carry out certain tasks in an employment relationship for their employer. This...
All users of our accounting office services are now granted insight into the business activity of their companies and trades through our Website, both during and at the end of each business year. After the end of each quarter our clients can check their updated financial reports, at any time of day, from anywhere in the world. For this purpose, our Office will assign a ˝username˝ and a ˝password˝ to each user, which will give them insight into their business activity. Reports are prepared in Croatian, as well as in the languages of other company shareholders (in English, German...
Foreign exchange transactions represent a system of payment operations (charges, payments and bank transfers) between residents and non–residents (or simplified: payment operations with abroad) in foreign currencies. Payment operations with abroad are made through foreign currency accounts opened at business banks in the country and (only on an exceptional basis) abroad, according to the provisions of the Foreign Exchange Operations Act ( Official Gazette 96/03 to 132/06 ) and is under the supervision of the Croatian National Bank as the central bank in Croatia.
For many productive, commercial and service business entities the most important part of their short–term assets consists of supplies including materials, raw materials, spare parts, small inventory, packaging, auto tires and trading goods. Supply tracking implies primarily the calculation of supply costs. This calculation is essential for the later transmission of used or sold supply values to the price of the product, goods or services during their distribution from a storage to the following business process or a direct sale to buyers. Besides financial monitoring of...
Commercial banks are important and inevitable support for economic entities. Through financial support of feasible business projects, banks almost regularly represent the strongest financial...
Investment studies are a part of business planning and represent a detailed analysis of a certain future business project. With this document an entrepreneur aims to present the interested parties – whether investors or banks – with arguments showing the cost effectiveness of the envisioned project. In simpler words, an investment study is a set of a number of reasons that answer the question why investing in a particular project is feasible for “financiers”. The most common users of investment studies in Croatia are commercial banks, who use them...
One of the most characteristic activities of each person is planning. Planning is flatly related to the future and may be defined as its contemplation, where one tends to influence future events...
Business analysis provides answers to very specific questions, such as: - Is the company too indebted and is it burdened by too much interest expenses? - Is the company facing bankruptcy or not generating enough revenue (doesn’t have enough work)? - Has the company been making accurate business reports during the last few years? - Is the management of the company familiar with the money management ˝wisdom˝ and capable of making rational financial decisions? - In what way does the...
In order to be able to offer a wider variety of services to our clients, in a way that we provide a complete solution to each of their business problems in one place, we concluded a special cooperation Agreement with the Law Office Ana Blečić Jelenović – Anela Dizdarević , from Rijeka, in June 2010. Our clients' every business situation is being analysed by our offices from legal, tax, financial and accounting aspects in cooperation with the clients. By doing so, we provide our clients with good prevention, in order to avoid possible inconvenience later, which can derive from...
