IMPACT OF GLOBALIZATION ON STRUCTURE AND CONTENT OF FINANCIAL STATEMENTS IN FINANCIAL ACCOUNTING WITH THE IMPLEMENTATION OF EU DIRECTIVES IN THE SLOVAK REPUBLIC

Accounting is still evolving, thanks to the globalization and convergence of national economies, accounting systems are being harmonized not only within the European Union but also around the world. The main task of the accounting information is the true and fair view on all facts, which create the subject of accounting. The securing of information comparability from financial statements of accounting entities from any country in the world is the subject of accounting harmonization. In recent years the accounting harmonization has been a quite preferred theme. The reconciliation of financial statements content is an indispensable condition of global economics development. Several changes have arisen from the Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, which influenced the bookkeeping and preparing of financial statements of accounting entities bookkeeping in the system of double entry system of accounting in the SR. The main aim of this article is to present the impact of globalization on structure and content of financial statements in financial accounting with the implementation of EU directives in the Slovak Republic.