Official home page of the SAO of Hungary

Studies

Accounting During the Austro-Hungarian Compromise and the Post-Communist Regime Change

Katalin Borbély
Dr. habil PhD, Associate Professor,
Széchenyi István University, Győr

Published in: Public Finance Quarterly 2017/1 (p. 88-100.)


SUMMARY: The purpose of the article is to present Hungarian accounting regulations in two very important periods of Hungarian history: during the period of the Austro-Hungarian Compromise of 1867 and after the fall of Communism. The study compares the two periods on the basis of the relevant domestic and international literature; it examines the economic history and legislative parallels, compares the recognition and measurement of asset components, and elaborates on the possibilities of accounting techniques with a focus on the lesser known first period. Key conclusions: the regulations have been adapted in both cases, taking special domestic features into consideration. Essentially, they were modern and delivered the requirement of presenting a true and fair view. At the same time, the regulation of the profession was greatly influenced by the contemporary system of socioeconomic institutions.

KEYWORDS: accounting history, regulation, balance sheet authenticity, Hungary

JEL CODES: K29, M41, N01


Download full text here! (pdf)