CONTEMPORARY STATE SYSTEMS

Abstract

With the advent of globalization, world economies are connected, which has caused the expansion of trade in goods, services and capital. Businesses became more competitive and this implied that their approach to the production of goods and services became more efficient and innovative in order to be more competitive. The functioning of the company then exceeds the possibilities of the owner himself and there is a separation of the function of ownership and management, and this is exactly where managers come into play. In accordance with global developments, they are under pressure to achieve the highest possible rate of profit for their owners. In order to succeed in this, that is, in order to manage the company in the best possible way, managers must handle timely and quality information. This information is partly provided by accrual accounting. Shortly before globalization, which began a huge expansion at the end of the 50s of the last century, the Great Depression took place, i.e. the biggest economic crisis that the world has known and which, according to many, was brought about by the great liberalization and deregulation of the market. After that crisis, the state increases its economic influence and importance.