Abstract:
The International Accounting Standards, issued by the International Accounting
Board (IASB), have become a reference source for global accounting practices,
being considered by many professionals as the new basic pillars that govern
accounting science. Such norms have a primordial function, to harmonize the
national accounting with the international standard. Thus, this article proposes to
demonstrate the accounting convergence process starting from accounting principles
until reaching the conceptual framework. The expansion of the market and the
globalization of the economy force entities to prepare financial statements in
harmony with international standards and guidelines. This factor contributes to the
generation of clear and intelligible information so that accounting users have support
in the decision-making process. The methodology used in the development of this
article was bibliographic research in books, standards and scientific articles, which
allowed considering the great scientific advance that accounting is achieving through
the harmonization proposed by international standards and the conceptual structure.
