Classification of Accounting Systems

Jeno Beke

Chapter 2 in International Accounting Harmonization, 2013, pp 11-72 from Palgrave Macmillan

Abstract: Abstract This chapter presents the hypothetical classifications of international accounting system and shows the three main information systems in details: the European accounting system, the US GAAP, and international accounting standards. Here, “accounting system” will be used in terms of the financial reporting practices employed by a company for an annual report. The systems could be classified into groups by similarities and differences. If all or most of the enterprises in a country use very similar accounting practices, this might suggest that countries can be classified on the basis of accounting practices.

Keywords: Balance Sheet; International Financial Reporting Standard; Income Statement; Generally Accept Accounting Principle; Financial Account Standard Board (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37434-9_2

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DOI: 10.1057/9781137374349_2

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