Abstract

The authorities of the West African Economic and Monetary Union UEMOA fully understand that accounting plays the significant role in the process of economic development and regional integration in the member states. They decided to establish a common new accounting system, called West African Accounting System (SYSCOA). The accounting system has been developed on the initiative of the Central Bank of West African States "BCEAO". The various accounting systems previously in effect within the West African Economic and Monetary Union (UEMOA) have now been null and void and replaced by the new accounting system which was brought in effect on January 1st, 1998. The SYSCOA integrates and completes the Uniform Act relative to the Accounting Law developed by the Treaty of OHADA.OHADA stands for the Organization for the business Harmonization on Commercial Law in Africa.

The object of this research is to study the development of Accounting System in West African Economic and Monetary union, more especially the adoption of new accounting System (SYSCOA).We will examine the raison which have incited the UEMOA to envisage the establishment of the SYSCOA and insist on certain aspects of the accounting system while highlighting its specificities. By ensuring the continuity with the preceding accounting systems, the SYSCOA integrates international and Anglo-Saxon standards in order to attract foreign investments. While recognizing the important progress brought by the SYSCOA, some difficulties for its application are noted and we bring some recommendations.

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