Accountancy of the Present – Standardized Social Practice through Financial Statements

Abstract

Accountancy is a social science that has evolved and has been perfected in time so as to answer the informational needs of every stage in the evolution of society. Nowadays, the phenomena of globalization of the economy impose, more than ever, the necessity of creating a universally accepted accounting language. In order to reach this desideratum, accountancy has initially passed through the processes of standardization and harmonization since the last decades of the past centuries, so that, at present, we experience challenges with respect to accounting convergence and conformity. In this work, we set out to analyze the dynamics of the accounting theory, passed through the filter of the processes of standardization, harmonization, convergence and conformity.