ACCOUNTING CLASS 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 accountant MARIJA

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

PwCKPMG 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

Company logo Year of establishmen t (Croatia) Number of employees Total revenue 2012 (million HRK) Market share by total revenue 2012 (Top 10) Ranking ,0810,42% ,7611,58% ,8717,31% ,712,31%2 Source: 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