Accounting is the social science that developed and constantly improved in order to meet the information needed for each stage of the society evolution. In its turn, the financial reporting system was frequently reconsidered in order to harmonize the supply and demand for accounting information....

Lately, at the international level, the accounting has been submitted to a comprehensive process of convergence and reconfiguration, which aims to eliminate the disagreements between different accounting systems. The accounting for the SMEs also joined this mechanism, when the IASB developed the...