ACCOUNTINGCLASS PRESENTATION

CONTENT

• BECOMING AN ACCOUNTANT IN CROATIA

• PROFESSIONAL ACCOUNTING ORGANIZATIONS IN CROATIA

• THE BIG FOUR

ACCOUNTANCY IN CROATIA

Several accountancy qualifications in Croatia:

• bookkeeper, • accountant, • chartered (certified) accountant, • forensic accountant, • auditor, • internal auditor

MATEJ

Chartered accountant:- University degree (Faculty of Economics and Business),- 3 years of work experience,- Chartered accountant exam,- no criminal record.

Chartered internal and external auditor:

- the same as the Chartered accountant plus

- honesty and respect of the Code of professional ethics for auditors/internal auditors

LARISA

• Master’s Degree in Economics or Business and over 3 years of experience

• Master’s Degree in any other field of study and over 5 years of experience

• Good conduct certificate (police certificate)

• Bar exam

Certified accountantMARIJA

• Master’s Degree in Economics, Business or Law

• Over 2 years of experience in the field

• Good conduct certificate

• Bar exam

Certified auditor

BECOMING AN ACCOUNTANT IN CROATIA

The candidate needs to: be fluent in written and spoken Croatian as well as in

the offical company language have residence in Croatia have minimum 3 years of working experience in

accountancy have degree from the Faculty of Economics and

Business have a clean criminal record

ANA

Matea Pezer

ACCA (ASSOCIATION OF CERTIFIED CHARTERED

ACCOUNTANTS)• a global body for professional accountants founded in 1904• offers business-relevant top-quality international

qualifications recognised around the world• works with global bodies (IFAC + 71 global accountancy

partnerships) • seeks to bring long-term value to economies in which they

develop and support professional accountants• ACCA members understand international business and local

market issues. • requirements for full ACCA membership: at least 3 years

relevant work experience and 14 ACCA exams

ACCA EXAMS IN CROATIA

FUNDAMENTALS (9 exams in total)• Knowledge

F1  Accountant in Business (AB)F2  Management Accounting (MA)F3  Financial Accounting (FA)

• Skills

F4  Corporate and Business Law (CL)

F5  Performance Management (PM)

F6  Taxation (TX)

F7  Financial Reporting (FR)

F8  Audit and Assurance (AA)

F9  Financial Management (FM)

ANA

PROFESSIONAL (5 exams in total)

• Essentials

P1  Governance, Risk and Ethics (GRE)

P2  Corporate Reporting (CR)

P3  Business Analysis (BA)

• Options (two to be completed)

P4  Advanced Financial Management (AFM)

P5  Advanced Performance Management (APM)

P6  Advanced Taxation (ATX)

P7  Advanced Audit and Assurance (AAA)

ANA

2) PROFESSIONAL ORGANIZATIONS

MATEJ

PROFESSIONAL ACCOUNTING ORGANIZATIONS IN CROATIA

• HZRIF (Hrvatska zajednica računovođa i financijskih djelatnika),

• UHR (Udruga Hrvatski računovođa), • HURS (Hrvatska udruga računovodstvenih

servisa), • RFD (Udruga računovođa i financijskih djelatnika)

LARISA

- RRiF- Association- FINA- Financial agency- National Office for Audit- Croatian Institute of Audit- Croatian Institute of Internal Auditors- Associations for accounting and audit

3) THE BIG FOUR

LARISA

• Deloitte: the fastest-growing company among the “Big four”.

• E&Y: developing fast.• Price Waterhouse Coopers: network in 158 countries with

more than 180,000 employers.• KPMG: the global leader on the fields of audit, tax and

business advisory.• difficult to work for but offering opportunity• audit is hard but very interesting

• PwC- audit and assurance

- advisory

- tax & regulatory• Deloitte - audit & advisory

- business advisory services

- financial advisory

- services for European Union• KPMG - audit

- tax

-advisory

ZRINKA

PwC KPMG

Deloitte

ZRINKA

• every company from The Big 4 group has subsidiaries in Croatia

• general job requirements:– High education in accountancy or finance– Knowledge of English language– Microsoft Office skills

• candidate’s knowledge in mathematics, English and general awareness is tested

MATEJ

Big Four in Croatia

Company logo

Year of establishmen

t (Croatia)

Number of employees

Total revenue 2012 (million

HRK)

Market share by total

revenue 2012 (Top 10)

Ranking

1995 45 42,08 10,42% 4

2002 83 46,76 11,58% 3

1993 140 69,87 17,31% 1

1998 90 49,7 12,31% 2

Source: www.poslovna.hr

ZELJKA

• Multinational company • Headquartered in London• The Big four• Over 180,000 people• PwC logo since 2010

ANJA

• Three main services

1. Assurance services

2. Tax advisory

3. Auditing and accounting services

• Offices in 159 countries• In Croatia since 1997 known as PwC

Savjetovanje d.o.o.

ANJA

Matea

• PwC’s Academy offers a full ACCA Qualification programme for Croatia.

• At PwC Croatia, the services they offer have been organized into the following Lines of Service:– Audit and assurance services– Tax and regulatory services– Advisory services

• Global PwC – collection of member firms which are autonomous

• Dennis Nally – Chairman of PwC International since 2009

ANJA

DELOITTE

• the largest professional services network in the world by revenue and by the number of professionals

• services: audit, tax, consulting, enterprise risk and financial advisory services

• more than 200,000 professionals in over 150 countries. 

• 2012–13: $32.4 billion in revenues

AIDA

DELOITTE CROATIA • Deloitte Ltd. and Deloitte Advisory Services

Ltd. jointly referred to as: “Deloitte Croatia” - affiliates of Deloitte Central Europe Holdings Limited

• Deloitte Croatia: audit, tax, consulting, risk services and financial advisory services through over 140 national and specialized expatriate professionals

• clients: public and private clients spanning multiple industries

AIDA

DELOITTE’S COLLABORATIVE CULTURE

• integrity, • outstanding value to markets and clients,• commitment to each other, • strength derived from cultural diversity, • continuous learning, • challenging experiences, • enriching career opportunities

AIDA