International Accounting Standardization

'International Accounting Standardization' examines the key area of international accounting standards. Nowadays, especially during the current global financial crisis, companies are striving desperately to remain competitive and achieve sustainable levels of economic development. This book shows that international accounting standardization, i.e., similar accounting transactions are treated the same by companies around the world, results in globally comparable financial statements.

The highly competitive environment requires companies to create a clear business strategy, and accounting has to be part of this strategy since it helps individual enterprises to achieve their strategic objectives. International accounting standards are new global methods for business information systems and they are able to harmonize financial regimes world-wide. The increased globalization of markets, the complexity of commercial trading and the concentration of business in global competition have led to a still greater need for international standardization.

Key features include: international accounting standardization process; unified financial regime; accounting harmonization; business globalization; economics of accounting standards; influencing factors of accounting standardization; accounting peculiarities of countries inside and outside of the European Union; universal accounting methods effects on business decisions and management performances; measurement classification of financial statements.

The Author
Jeno Beke is Associate Professor of Accounting at the faculty of Business and Economics of the University of Pecs, Hungary. He received his PhD of Accountancy from the Hungarian Academy of Sciences in Budapest.

Dr. Beke's researches have dealt with international accounting and he has been published in interdisciplinary books and journals. He is the secretary of the American-Hungarian Accounting Association.

Jeno Beke has served on the editorial boards of academic and business journals including the International Journal of Finance and Accounting, International Business and Management and Journal of Knowledge Management, Economics and Information Technology.

He has Certified Public Accountant, Economics and Tax Expert licences.

Readership
Scholars, accountants, business executives, business management, government policy makers.

Contents
Basic characters of accounting standardization
Classification of accounting systems
Influencing factors of accounting standardizaton
Problem caused by accounting diversity
Economics of accounting standards
Comparative statistical analysis
Contemporary scientific practical researches
Effects of the universal information methods on company performance
Empirical results
Discussions
Findings and evaluations
Summary and conclusions