Financial globalization – premise of accounting systems adaptation

Abstract

Over the years, accounting systems have been subject to many changes and adaptations. One of the main factors for it represents the globalization, especially the financial globalization. When describing globalization, it is important to represent its different perspectives in order to better understand the phenomenon. Moreover, it is important to talk about the globalization of economic activity, as an important factor for accounting systems adaptation. Over the years, the globalization of economic activity has disclosed the need for information that can be compared over different countries. This is, in fact, the main driver for accounting systems evolution and adaptation. CZU: 657.1:339.727; JEL: F62, M49; DOI 10.5281/zenodo.6700497