European Accounting

Introduction Knowledge about European accounting is becoming steadily more necessary and more useful to accountants and businessmen. One of the reasons for this is the growth of large multi‐national companies and the prevalence of European subsidiaries even among fairly small British companies. Another reason is that the pace of change in accountancy has been rapid and accelerating over the last decade, and in such circumstances there is more scope for international influences on its development. Further, there are moves towards harmonisation that will affect all British companies. These reasons have, of course, been strengthened by Britain's entry into the EEC.