Abstract:

Based on the idea that each nation has its own accounting system and its own way of presenting information within financial situations, in order to achieve a process of accounting harmonization and conformity, one must identify the factors that influence financial reporting at a global level, with the purpose of transforming them, so that a set of accounting norms are generated. These norms are meant to ensure a homogenous way of presenting information. To this purpose, national, regional and international entities have supported the initiative of the International Accounting Standards Board, IASB, of putting together a coherent set of accounting standards, applicable to listed or large entities, regardless of the accounting system they belong to and the geopolitical space within they operate.