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A Matter of Principle: Recent Developments in Hungarian Accounting Thought and Regulation

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  • Katalin Borbély
  • Lisa Evans

Abstract

This paper provides, against a review of prior literature on the problems faced by economies in transition from plan to market, an analysis of developments in Hungarian accounting regulation during the past 15 years. Significant legislative events are examined, as well as gradually shifting attitudes of the key players involved in the regulatory processes. We identify a number of obstacles to the development of a regulatory framework suitable to provide decision-useful accounting information, among which the roles and attitudes of the legislator and the accounting profession feature prominently, as well as the lingering influence of taxation on accounting, and of other Continental European, code-law regulatory and accounting features. We conclude that a reduction of the influence of government and legislation is required, as well as a more progressive approach in the education and training of accountants. This should focus on the teaching of a new way of thinking and move away from the traditional teaching of detailed accounting methods.

Suggested Citation

  • Katalin Borbély & Lisa Evans, 2006. "A Matter of Principle: Recent Developments in Hungarian Accounting Thought and Regulation," Accounting in Europe, Taylor & Francis Journals, vol. 3(1), pages 135-168, October.
    • Handle: RePEc:taf:acceur:v:3:y:2006:i:1:p:135-168
    DOI: 10.1080/09638180600920335
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    References listed on IDEAS

    as
    1. World Bank, 2004. "India : Report on Observance of Standards and Codes - Accounting and Auditing," World Bank Publications - Reports 14467, The World Bank Group.
    2. World Bank, 2004. "Hungary : Accounting and Auditing," World Bank Publications - Reports 14480, The World Bank Group.
    3. Kevin Campbell, 2002. "Ownership Structure and the Operating Performance of Hungarian Firms," UCL SSEES Economics and Business working paper series 9, UCL School of Slavonic and East European Studies (SSEES).
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    Cited by:

    1. Judy Day & Peter Taylor, 2010. "Trajectories of accounting and auditing development in EU enlargement: comparative analysis of ten new member states," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 14(4), pages 313-350, November.
    2. Szilveszter Fekete & Dumitru Matiş & János Lukács, 2008. "Factors Influencing The Extent Of Corporate Compliance With Ifrs. The Case Of Hungarian Listed Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 1-2.
    3. Nhu Tuyên Le & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Post-Print hal-02104096, HAL.
    4. Dan Dacian Cuzdriorean & Dumitru MatiÅŸ, 2012. "The Relationship Between Accounting And Taxation Insight The European Union: The Influence Of The International Accounting Regulation," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(14), pages 1-2.
    5. Nhu Tuyên Le & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Grenoble Ecole de Management (Post-Print) hal-02104096, HAL.
    6. Nhu Tuyên Lê & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Post-Print hal-00650545, HAL.
    7. Nhu Tuyên Lê & Marc de Bourmont & Olivier Vidal, 2011. "La perception des changements comptables par les acteurs : le cas du Viêt-Nam," Grenoble Ecole de Management (Post-Print) hal-00650545, HAL.

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