From accounting convergence to accounting harmonization under the auspices of economic globalization

Abstract

In the current international economic context is urgently needed more than ever a transparency of business information. This situation is caused by the fact that economic decisions are based on accounting information, and knowing the regional and international accounting rules is crucial to have a correct interpretation of the business connections in the world.The misleading barriers between the independent economic systems, local, national and others the same, have had throughout the history significant implications on the economic policies adopted in each of these systems. Liberalization of capital movements and workforce provides the premises of exploitation the existing opportunities (employment, savings, investments, so.) in the technological and economic environments but also the fiscal and monetary models.

Keywords

• internationalization
• globalization
• harmonization
• convergence
• competition.