Abstract:
There are many opinions that call for the application of a uniform set of accounting standards in an attempt to achieve transparency and quality of accounting information, but the unification with one set of accounting standards is Contrary with the theory of accounting relativity, this relativity not only associated with the production of accounting information but also with of disclosure and interpretation of that information. the results of many studies indicates that the variation of cultural identity one of the main reasons for the different accounting practice , for that The current study aims to determine the focus the effect of variation of cultural identity on the accounting practice relativity and the yield on the effectiveness of the current trend towards the application of IFRS. The researcher depend on descriptive analytical approach, and through survey as the research method adopted to achieve the aims of the study, the researcher gathers data about: Dimensions of cultural identity; the reflect of cultural identity on the accounting relativity; reflection accounting practice relativity on the effectiveness of accounting unification The results of the study show : relativity on accounting practice represents a basics of accounting system ; there are additional cultural dimensions – addition to Hofstede's dimensions - Contribute to the formation of cultural identity ; there are many accounting values other than Gray's accounting values namely : rules vs. principles - relevant vs. reliability - Overall responsibility in exchange for limited liability - Positive versus negative revenue Management ; accounting practice relativity Imposes restrictions and limitations on the current efforts to unification accounting practice through the application of IFRS; the success of the unification of international accounting practice opportunities Increase under the following accounting values portfolio: Professionalism – Flexibility – Optimism- Transparency – Principles based standards –Positive revenue management - Minimize the differences between the recognition and accounting disclosure.
