Abstract
ABSTRACT The development of accounting over the centuries and eras has been affected by several phenomena. These phenomena can be counted as the globalization of the most important phenomena that have been affected by the accounting. They are almost prompted the accounting to change and adapt heavily on the theoretical and applied levels. The research treated two aspects; first refers that accountancy have been affected by globalization, the second; the impact of accountancy on globalization. This research concluded that the accounting is inherently a global configuration at the same time a national application .
