Subject. The accounting system at the macro level (at the country level, for the economy as a whole). Objectives. To characterize existing scientific conceptions of the accounting system at the macro level. To provide a definition of the term “accounting system at the macro level”. Methods. Standard scientific methods are used: the dialectical method of scientific cognition, the method of collecting theoretical information, as well as analysis, synthesis, comparison, abstraction, and others. Results. Two author’s models have been graphically formalized, revealing the structure of the accounting system at the macro level. Endogenous (infrastructure) and exogenous (institutional environment) components of the system have been delineated and given a comparative characterization. A definition of the accounting system at the macro level has been proposed. Conclusions. The purpose of the accounting system at the macro level, from the perspective of the efficient market hypothesis, is to improve the efficiency of capital allocation in the economy through the disclosure of accounting information. In the economic scientific literature, accounting as a system at the macro scale continues to remain an unexplored area of research, as evidenced by the lack of developed tools for regulation. Accounting as a system is an integral part of financial markets. At the same time, the question of how to achieve economic growth through financial market development by managing the accounting system remains unresolved.
Keywords: accounting, capital market, financial system, infrastructure
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