In summary, each author has his own assumption of the determining factors in the process of applying accounting legislation in SMEs, factors varies depending on each country, each investigated object or each environment where the research is conducted. However, by common concurrence, there are a number of major factors as follows: The degree of economic and educational development; how open the economy is; accountant's knowledge, skills and experience; corporate scale; manager's perspective and need of information; mandatory compliance; accounting infrastructure; cots and benefit relationship; user's pressure on information supply and finally, the content of legal documents themselves.