As the world advances towards the dominant sovereignty of individual governments (extreme voices, but still the trend), the world plays an indispensable role in allowing individuals to track and sort data into manageable chunks. Global governments adopt rules and regulations on the ways in which businesses operate, when and how they act and how they report their financial situation. Every year, more and more requirements are being created to protect the shareholder, the consumer and the employee, but little self-protection. In addition, in the accounting profession, the intent of merging GAAP and IFRS methodology further increases the need for accountants and financial professionals only to keep up with the ever-increasing regulatory burden.
It may seem that I would say there would be no place in the business world, but that is only minimal. Practical specifications are indeed necessary and beneficial to society as a whole, but not to the extent that it begins to suppress growth and where an accounting department is required for a small business to report according to the SEC. Of course, besides the accounting procedure, they have positive effects on the global business as a whole. As this trend is the new norm; Of course we see the free market in response to the increasing needs of auditors and auditors. "In response to corporate scandals and recent financial crises, accounting is increasingly being taken, and stricter laws and regulations, especially in the financial sector, are likely to increase the need for accounting services as organizations strive to meet new standards. "The continued globalization of the business can lead to increased accounting expertise and increased demand for international trade and international mergers and acquisitions" (Bureau of Labor, 2012). "Accounting and changes in financial statements are inevitable, mainly because, when preparing periodic financial statements, companies should make estimates and judgments about the costs and revenue variations and other changes come from management decisions regarding the accounting methods required to make such statements. "(Aldridge, 19659002) The global scope of accounting is also offset by colleges and universities and responds to higher demand from the students who are on the path. By doing so, you increase your enrollment and hire additional teachers and staff to gain benefits. Another advantage of foreign accounting is student. "For students with international accounting knowledge, they can not only work in the United States but also in other nations. So far, processes and laws are somewhat different from the rest of the world (GAAP), which has limited current and previous generations to the convenience of our business world , it only deals with national accounts, the advantages of enlargement are endless, thus increasing the welfare of our nation's population, giving them the opportunity to work in difficult times in our country and, besides expanding our potential, we can access technologies and other advances that other countries can not have in their business structure, which will generally promote the entire business empire of the world "(Fenyus, 2010).
Another important aspect is the general effects of compliance with over-regulation. Small businesses have a disproportionately high impact on most, as they often can not afford to hire another accountant for payroll accounts as a big company. The profit gap is scarce and can actually lead to the liquidation of the smaller company. Internationally, the establishment of accounting conglomerates can hopefully create equal accounting conditions between small and large companies. After GAAP and IFRS become unified, additional practices will emerge as business ventures strive for adaptation. Globalization will continue to form a government policy in business regulation and will shape the educational profile of higher education domestic and foreign systems. Actual measurable costs and benefits can never be fully taken into account as changes in the field take place at this fast global pace.
Aldridge, J.O. (2007, February). Changes in Accounting Changes. Journal of Accountancy, online.
Bureau of Labor. (31 August 2012). Occupational Outlook Handbook. Accepted: December 5, 2012, United States Department of Labor: http://www.bls.gov/ooh/Business-and-Financial/Accountants-and-auditors.htm#tab-6  Fenyus, R. (March 28, 2010). The impact of globalization on accounting. Opened: October 18, 2012, from the Funds: http://www.articlesbase.com/business-articles/globalization039s-impact-on-accounting-2062673.html
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