The main aim of this study is to analyze how implementation of integrated information systems (IIS) effects management accounting. Findings based on data collected from 108 Croatian firms confirmed ...that IIS implementation caused significant management accounting changes. Estimated regression models revealed that the most important IIS characteristic were the analytical capabilities since it positively influenced management accounting changes in four dimensions: internal reporting, budgeting, application of modern accounting techniques and management accounting employees’ jobs. The quality of IIS implementation statistically significantly and positively influenced changes related to data collection and internal reporting. In the segment of budgeting, the quality of implementation of specialized budgeting software had significant and positive influence. The only negative correlation found was the one between the uncertainty of business environment and adoption of modern accounting techniques. Findings from this study provide unique insight into effects of IIS implementation in Croatian firms and can be used by different stakeholders. Firms and IIS vendors should put special focus on implementation of business analytics modules in order to achieve comprehensive benefits in management accounting practices. Providers of accountant’s education should consider the fact that contemporary IIS systems’ environment calls for development of additional skills in the area of information technology, business processes and business communication.
This research is striving to provide an insight into the importance of Corporate Social Responsibility (CSR) for the insurance sector while aiming to examine various corporate social responsibility ...initiatives undertaken by insurance companies in Croatia. There is a broad range of potential benefits from CSR for insurance companies, such as long-term sustainability and profitability, yet only several research studies on CSR practices have thus far been conducted on the insurance sector. Hence, the purpose of this research is to determine the level of CSR reporting for insurance and reinsurance companies in Croatia and its impact on reporting quality. The empirical research is based on online reporting of six aspects of corporate social responsibility to determine Corporate Social Disclosure Index (CSDI). Reporting quality is measured with Disclosure Quality Index of annual report (DQI) which is structured in five phases. This research includes all 24 insurance and reinsurance companies in Croatia and the research findings show that all insurance and reinsurance companies in Croatia publish information at least concerning two aspects of CSR. It was found that they are the most transparent regarding the human resources aspect of CSR activities and the least transparent concerning environmental aspect of CSR activities. The overall level of CSR disclosure for insurance sector in Croatia is quite low, so we can conclude that insurance and reinsurance companies in Croatia do not have a high level of CSR online disclosure. Considering the issue of reporting quality, insurance and reinsurance companies have an average quality of annual report (AR), measured by DQI, of annual report. According to research findings, CSR reporting on the Internet is positively associated with DQI which leads to the conclusion that more socially responsible insurance and reinsurance companies provide annual reports of a more superior quality.
The main purpose of this research is to investigate the influence of integrated information systems (IIS) on the use of advanced managerial accounting techniques (AMAT). To analyze this relationship, ...we employed structural equation modeling (SEM) on empirical data obtained from a sample of 105 Croatian companies. Empirical findings obtained through SEM confirmed a significant positive influence of one of the IIS features, IIS analytical capabilities, on the application of AMAT. Other theoretically interesting independent variables (IIS age, IIS implementation quality, company size, and business environment uncertainty) were also included in the SEM; however, the evaluated SEM failed to provide a good fit to the data, and the parameters were not significant. The findings of this study provide useful guidance for both IIS developers and users, as they indicate that the implementation of IIS with a higher level of analytical capabilities results in a higher level of AMAT use.
This study investigates the influence of integrated information systems (IIS) features on firm financial performance, more precisely return on asset (ROA). Research results, based on data obtained ...from 83 firms in 2018, confirmed the positive effect between IIS analytical capabilities on ROA, while IIS scope had negative effect on ROA. Estimated regression model revealed that IIS age and IIS implementation quality did not have any effect over firm financial performance. Findings from the study indicated that firms and IIS vendors should be careful in IIS design phase, taking into account that IIS design incorporates appropriate analytical capabilities required by business processes. Also, scope of selected IIS modules should be rational in order to avoid unnecessary IIS investment costs.
Predmet ovoga istraživanja je utjecaj ERP sustava (engl. Enterprise Resource Planning) na upravljačko računovodstvo, odnosno na prikupljanje podataka, interno izvještavanje menadžera, izradu i ...kontrolu financijskog plana, implementaciju suvremenih tehnika upravljačkog računovodstva te na zaposlenike koji sudjeluju u internom izvještavanju. Istraživanje je provedeno u djelatnosti osiguranja Republike Hrvatske tijekom 2019. godine u kojem je sudjelovalo šest (33,4 %) društava. Prosječan broj godina korištenja ERP sustava iznosi 13 godina što upućuje na činjenicu zastupljenosti ERP sustava u djelatnosti osiguranja koji karakterizira uspješna implementacija te visok stupanj iskorištenosti njegovih mogućnosti. Prema dobivenim rezultatima, ERP sustavi značajno utječe na povećanje točnosti podataka koji se prikupljaju iz društva i okruženja. Također, ERP sustavi značajno utječu na interno izvještavanje menadžera i to tako da je skraćeno vrijeme potrebno za mjesečno/kvartalno interno izvještavanje, a povećana učestalost i broj različitih vrsta periodičnih izvještaja. Osim toga, značajno je smanjeno vrijeme potrebno za izradu financijskog plana zbog implementacije ERP sustava. Što se tiče utjecaja ERP sustava na implantaciju suvremenih tehnika upravljačkog računovodstva utvrđen je značajan utjecaj jedino kod uporabe ciljnih troškova i sustava ključnih pokazatelja performansi. Kod utjecaja ERP sustava na zaposlenike koji sudjeluju u internom izvještavanju došlo je do značajnog smanjenja utroška radnog vremena potrebnog za prikupljanje podataka za interno izvještavanje kao posljedica implementacije ERP sustava. S obzirom na navedeno, rezultati ovoga istraživanja pružaju precizniji i jasniji uvid o utjecaju ERP sustava na upravljačko računovodstvo u djelatnosti osiguranja Republike Hrvatske.
This study seeks to explain the management control systems (MCS) design as a package of controls within a Croatian context. MCS was conceptualized in terms of four dimensions (cybernetic, reward and ...compensation, administrative and cultural controls) to form a composite measure of MCS. The strength of the typology lies in the broad scope of the controls in MCS as a package rather than the depth of its discussion of individual systems. This is one of few research studies conducted in the field of MCS in Croatia. Empirical research is based on the data collected from 124 companies in Croatia using a post questionnaire. The final results indicate that companies in Croatia most frequently use more formalized MCS tested using confirmatory factor analysis. This study confirms the multidimensional nature of MCS.
Posjedovanje određenih vještina neophodno je za obavljanje računovodstvenih poslova. Međutim, percepcija važnosti tih vještina može se razlikovati između poslodavaca, računovođa i studenata kao ...potencijalnih budućih računovođa. Na tragu istraživanja usklađenosti vještina koje se stječu visokim obrazovanjem, onih traženih od strane poslodavaca te onih koje same računovođe smatraju važnim, ova studija ispituje koje su to nužne, a koje opcionalne vještine za zanimanje rukovoditelja/ice računovodstva. Promatrane vještine proučavaju se iz perspektive poslodavaca, računovođa i studenata završne godine ekonomskih fakulteta u Hrvatskoj kako bi se utvrdilo postoji li značajno odstupanje u percepciji važnosti promatranih vještina između triju skupina ispitanika. Rezultati istraživanja ukazuju da su najvažnije vještine planiranje, organiziranje i nadziranje vlastitog rada te vođenje poslovnih knjiga i sastavljanje financijskih izvještaja, uz podršku računovodstvenog programa, dok je vještina prezentiranja ključnih računovodstvenih informacija ocijenjena kao najmanje važna. Nadalje, rezultati istraživanja potvrđuju postojanje jaza očekivanja pri promatranim vještinama između poslodavaca, računovođa i studenata, ali i neočekivanu usklađenost procjena među poslodavcima i računovođama.
This paper examines the issues related to the definition, concept and design of management control systems (MCS). Lack of knowledge about the development and design of MCS, and the need for ...systematic empirical research in this thematic area, are the main motivations for this research. This study seeks to explain the MCS within a Croatian context and it is one of few research studies conducted in the field of MCS in Croatia. In this research we used the concept of MCS that represents a combination of various cybernetic, administrative and cultural controls, as well as reward and compensation controls, with related techniques. This observation of MCS is wider and the strength of the typology lies in the broad scope of the controls in the MCS as a package, rather than the depth of its discussion as individual systems. The research adopted a survey methodology. Data were collected from 40 joint stock companies in Croatia using a post questionnaire. Final results suggest that joint stock companies in Croatia use more administrative and cybernetic controls than the reward and compensation controls and cultural controls as a part of MCS.
S obzirom na informacijski intenzitet, djelatnost osiguranja predstavlja jednog od najvećih korisnika informacijskih tehnologija (IT) u svijetu, a koji karakterizira kompleksnost i heterogenost. ...Svrha je ovoga istraživanja analiza utjecaja implementacije integriranog informacijskog sustava (IIS) na menadžersko računovodstvo u djelatnosti osiguranja Republike Hrvatske (RH) te Bosne i Hercegovine (BiH) s obzirom na nepostojanje konzistentnih rezultata u postojećoj literaturi. Istraživanje je provedeno tijekom 2019./2020. u kojem je sudjelovalo 6 društava iz RH te 6 društava iz BiH. Prosječan broj godina korištenja IIS-a iznosi 13 (RH), odnosno 9 godina (BiH), što ukazuje na činjenicu zastupljenosti IIS-a u djelatnosti osiguranja koje obilježava visok stupanj iskorištenosti njegovih mogućnosti te uspješna implementacija. Prema dobivenim rezultatima, IIS značajno utječe na povećanje točnosti podataka koji se prikupljaju iz društva i okruženja te interno izvještavanje, međutim, nije utvrđena statistički značajna razlika između RH i BiH u efektima implementacije IIS-a na različite dimenzije menadžerskog računovodstva u djelatnosti osiguranja.
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