The Financial Accounting System In Algeria After A Decade Of Use: Reality, Challenges And Opportunities

Abstract

The Algerian accounting system has witnessed various changes since its independence. This was due to a reason which is going in parallel with the developments found in the global economy. Along this line of thought, this study aims at highlighting the different changes which were occurred at the levels of the accounting system in Algeria. Therefore, it starts with the general accounting scheme, then the national accounting scheme, and currently the financial accounting system. These changes which have occurred in the accounting system were aimed at improving the effectiveness and quality of the system they also intended to work following the international accounting standards with a global consensus. These changes aimed as well as at increasing the transparency and accounting disclosure, thus, at the level of Algeria, the regulations and laws have to be adapted in order to suit the situation of the Algerian economy and activate the financial markets