General and private peculiarities of national accounting systems

The observed monopolization of national accounting systems by International Financial Reporting Standards is a controversial process. This is due to the fact that most countries of continental Europe are not inclined to the standardization process to the detriment of national interests. The article is devoted to the main differences that cause the existence of various accounting systems and financial accounting. The Anglo-American accounting system at the current stage of development of the international accounting system has the most important impact on the accounting methodology and deserves the closest attention on the part of the scientific community.