Evolution of Accounting in Cuba

At the threshold of the third millennium, Cuba is in the process of perfecting its accounting regulation, with the aim of giving it greater flexibility in its design, trying to achieve a strengthening in the role of accounting information as a real tool for systematic transformation Of information in action by business management, simultaneously meeting the growing demands of external users. On the other hand, the need for the evolution of Cuban accounting is conditioned largely by the desirability of homogenization with the most widespread and applied accounting practice in today's globalized world, an essential element for Cuba 's economic integration into the world of The international community.

According to the existing economic system in Cuba, Cuban accounting regulation has a totally public character. The standardization of Cuban Accounting is based on legal provisions issued by various State bodies and their Central Administration, as well as other state entities that have been issued by other state entities through Laws, Decrees-Laws, Decrees and other provisions of the National Assembly of the Popular Power (Cuban Parliament), the Council of State and the Council of Ministers; Resolutions and Instructions of the Ministry of Finance and Prices, governing body of Accounting in the country; Resolutions and Instructions of the Ministries for the compliance of companies and subordinate or sponsored units; Complementary provisions of the Cuban Banca; etc.

It should be noted that Cuban accounting regulation is based on both its own conception and its implementation and systematic development in the academic and scientific organizations of the country in the professional sphere of Accounting, where universities play an active and leading role, becoming In the driving force of the investigations in the different branches of the Accounting within the country.

Cuban accounting practice has a rich history started at the end of the nineteenth century , consolidating in 1927 with the beginning of the Superior Studies of Accounting in the historic University of Havana and during the Pseudo-Republic managed to reach its greatest splendor in the decade Of the 1950s, coinciding with the emergence of Management Accounting .

In the period prior to 1959 , Cuban accounting normalization was heavily influenced by US accounting practice, which is extended to our universities, where both Financial Accounting, Cost Accounting and Management are combined with bibliographies of Cuban and American authors; Which is still present in our university classrooms, with the difference that today these authors are effectively combined with a wide range of books and articles from different parts of the world, where, although it is true that Cuban and American authors continue to predominate, each The specialists of the accounting branches of Spain , a country to which we have strong historical ties, play a more leading role , It can be said that from 1959 onwards , changes in national life weakened American influence, and in the 1960s, because of the primacy of conceptions later recognized as erroneous, monetary-mercantile relations between companies disappeared And virtually with them Accounting, which is limited to economic control.

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