engleski

Culture as an Influential Factor of Accounting Systems´ Development and Criterion of Accounting System Classifications

As a social science, accounting is in interdependence with its environment. According to that, accounting system of each country is influenced by different economic and non – economic factors, including culture. Even when financial statements are prepared on the basis of comparable accounting principles, language or currency, there is still culture as one factor of influence that must be considered. Accounting values that have impact on particular accounting systems are linked with Hofstede's cultural dimensions and described in Gray's model, later empirically tested by other researchers. Although not all of Gray's hypotheses are supported, the main framework for explaining international differences and issues in accounting by cultural factors has been established. After all, culture can also be considered as criterion for classifying national accounting systems into clusters, which is very important for efforts on international accounting harmonization area.

accounting systems; accounting values; culture; cultural dimensions; influential factors

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