Home  Journals  International Accounting  12(162) - 2011 March

Liberalization of the accounting policy as a strategy for international competitiveness of national economy

Available online: 22 March 2011

Subject Heading: ACCOUNTING ISSUES

JEL Classification: 

The growth of social and institutional constraints in accounting policies in most countries of the world leads to the search of innovative technologies aimed at reducing costs on the accounting policies of business. The global economy requires simplification and the universalization of accounting policies in national economies. International economic success depends on reducing transaction costs by limiting the administrative capacity of legislative regulation of business accounting policy, the growth of freedom of decision-making by investors. Analysis of the data confirms the need to adopt new requirements for accounting policies of global financial market for national economies.

Keywords: liberalization, accounting policy, strategy, international competitiveness, national economy

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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