Accounting During the Austro-Hungarian Compromise and the Post-Communist Regime Change

Katalin Borbély

Public Finance Quarterly, 2017, vol. 62, issue 1, 88-100

Abstract: The purpose of the article is to present Hungarian accounting regulations in two very important periods of Hungarian history: during the period of the Austro-Hungarian Compromise of 1867 and after the fall of Communism. The study compares the two periods on the basis of the relevant domestic and international literature; it examines the economic history and legislative parallels, compares the recognition and measurement of asset components, and elaborates on the possibilities of accounting techniques with a focus on the lesser known first period. Key conclusions: the regulations have been adapted in both cases, taking special domestic features into consideration. Essentially, they were modern and delivered the requirement of presenting a true and fair view. At the same time, the regulation of the profession was greatly influenced by the contemporary system of socioeconomic institutions.

Keywords: accounting history; regulation; balance sheet authenticity; Hungary (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:62:y:2017:i:1:p:88-100

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