HARMONIZATION AND STANDARDIZATION OF THE
           ACCOUNTING AND ITS FUNCTIONS

                              Elżbieta Wysłocka, PhD
                       „Czestochowa” University of Technology
                                wyslocka@zim.pcz.pl


ABSTRACT: The process of harmonization and standardization of the accounting,
which has been observed hitherto, is described in this paper. Particular attention has
been given to changes that have been done in the Polish balance law and conditions
which accompanied them. Special attention has been also paid to the implications
which may be caused by the drawing up the financial statements according to
International Financial Reporting Standards. Changes in the accounting have
resulted in the fact that its main function which it fulfils is the information function.
Detailed functions that arise from the main one have been also described in this
paper.

Keywords: accounting, harmonization, standardization, function

JEL Codes: M41