EIRP Proceedings, Vol 4 (2009)

Abstract

Lately the problem of national accounting disparity became stringent while the unification pressure became more powerful. Transnational corporations are being lasted for long time. Business globalization leaded to number companies hereinabove proliferation as well as countries wherein they are operating. Along with business globalization another criteria pointing out the requirement of accounting harmonization is being characterized by capital market globalization. Considering the fact that types of activities became transnational, territorially as a matter of fact, exigency and requirement of different countries capital infusion occurs. Nowadays competition between capital markets might be one of the strongest factors of internationally accounting harmonization encouragement.