| Abstract: | Accounting in Hungary has undergone significant reforms in recent years. Modeled after European Accounting rules and International Accounting standards, the Hungarian Rules of Law in Force have brought accounting practices in line with west European standards. This article compares the Hungarian Law of accounting to US accounting standards. Those differences that may affect the decisions of an executive working within the international arena are highlighted. Although minor differences exist, mainly in disclosure requirements, US investors, creditors, and managers may be assured comparable information is available for analyses. © 1995 John Wiley & Sons, Inc. |
