Modernity and Timeliness – The Most Important Aspects of Hungarian Accounting in the First Half of the 20th Century

Abstract

The purpose of the article is to present the most important aspects of the Hungarian accounting in the first half of the 20th century. Beyond the history of the profession, the study investigates (economic) historical and legislative processes because without their examination the significance of the professional information cannot be properly evaluated. The two issues examined as a priority are accounting organisation and the measurement of the financial position of companies. The examination is based on contemporary authors’ studies. Both aspects and their approaches are unambiguous and practice-oriented. No doubt the professional approach of the examined period was modern and timely.