THE TRANSNATIONAL BACKGROUND OF MODERN ACCOUNTING IN THE SERVICE SECTOR OF THE GLOBAL ECONOMY

The range of information for the effective management of the enterprise is increasingly exceeding the competences of persons employed in the economic entities and thus it becomes necessary to use outside specialized services. In the financial sphere, this is due to situations such as the one where the growing information needs create new demands for entrepreneurs. The result of this approach is the increased interest in corporate accounting services. Entrusting accounting services to external providers promotes not only an increases speed and accuracy of decisions, but also affects the efficiency of one’s own resources and their utilization for the core business. Outsourcing is commonly used for this purpose. Here, actions are sourced from competent and experienced accountants regardless of the localizaion from which they provide their services, which is made possible by the convergence of accounting solutions and the development of IT technologies. Therefore, it can be said that through the spread of outsourcing, both the providers and recipients benefits, and the result is growth for the economy of the country (or countries) where they operate.