Needs and importance of a comparative study of conventional and modern system of accounting
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The development of modern accounting system and accounting theories is accompanied by substantial changes in economic relations and society at large that naturally results in the necessity to implement changes in accounting systems and adapt them to the new challenges and current situation in business relations. At the same time, it should be said that innovations are implemented relatively slowly in accounting compared to other fields of economy. Nevertheless, nowadays it is obvious that changes are inevitable and, in such a situation, it is quite natural that such specialists as Henderson estimate that accounting is not just a process of passive score-keeping, the results of which are announced, dealt with and forgotten..............✌️✌️✌️✌️
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