Abstract:

Harmonisation and convergence are important processes for increasing accounting comparability and transparency. The present article studies convergence of national regulations with international standards using Jaccard coefficients, regarding cash flows policies, and harmonisation of accounting regulations for cash flows on the London Stock Exchange companies, using  Herfindahl Indexes. Concerns in the area of measuring accounting harmonization, national or international, is a normal state of affairs, the results obtained may contribute to the desire for the existence of a set of globally accepted accounting standards and the development of the globalization of accounting. Effects that amplify the harmonization of national accounting system in comparison with the two accounting referentials - European Directives and IAS/IFRS- are evident in the adoption of the Order no. 3055/2009.