GENERAL ACCOUNTING SYSTEM ADJUSTMENTS TOWARDS ENFORCING QUALITY OF INTERNAL VALUES AND STRENGTHENING INVISIBLE BALANCE POSITIONS
SUMMARY Accounting system in transitional economies generally relates to enabling true and fair picture of enterprises’ financial position and business performance. Great effort is invested in collecting, placing and valuating historical data using static models created in accordance with applicable standards. Complex structures and hard adjustability to strategic impact on business performance create significantly low cost-efficiency ratio. Correspondingly accounting loses on importance and moves towards administrational necessity fulfilling purpose of own existence. Developed economies engage in strengthening dynamic dimensions of accounting system aiming in developing invisible balance positions. Obeying strategy accounting principles author lightens certain focal points to bridge existing gaps.