Analysis of Financial Accounting in Portuguese Companies: Context, Standards and Contemporary Challenges
Abstract
This study examines financial accounting in Portugal, investigating its historical development, theoretical foundations, applicable standards, and the impact of globalization on the national accounting system. It examines the role of regulatory entities, current legislation, and the unique characteristics of small and medium-sized Brazilian companies, highlighting the challenges and necessary adaptations in response to regulatory changes. The instruments and techniques used, such as financial statements and methods for valuing assets and liabilities, are discussed, as well as the integration of accounting with information systems and emerging technologies. The research also examines the increasing adoption of environmental, social, and governance (ESG) metrics, emphasizing the significance of sustainability and social responsibility in financial reporting. Finally, it emphasizes the importance of professional training and qualifications to ensure compliance and the quality of accounting information, while also highlighting the need for Brazilian companies to adapt to current and future regulatory and technological requirements continually.
References
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