Possibilities For Conceptualization Of The Contemporary Accounting Theory (Part One)

This article figures out several possible ways for future development of the contemporary accounting theory and focuses on its conceptualization in the context of current socio-economic environment and processes of international accounting harmonization, standardization and convergence. In the first part of the paper basic elements of theoretical structure of accounting – postulates, principles and concepts, have been studied and an overview of the distinguished research in the field presented. Definitions of these accounting terms are still under discussion from the scientists despite their role in construction of the conceptual framework of accounting. As elements of one common hierarchical structure it is a priority of the researches to analyze their logical interrelations and subordination and also their role as theoretical core, providing logical uniformity of accounting regulations.