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Essay / Research Paper Abstract
This 3-page paper discusses the connection between a healthy GDP and the accounting profession by examining the literature discussing these two aspects of businesss. Bibliography lists 4 sources.
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3 pages (~225 words per page)
File: D0_MTGDPacc.rtf
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Unformatted sample text from the term paper:
time. If we use this particular definition, what would be the link between a nations GDP and the accounting profession? Aside from the fact that certain types of accountants and
economists make livings studying GDPs and other macroeconomic issues, we can find a few direct links between a growing GDP and the accounting sector.
One such impact was found in a 1995 article written by Lester Davis and entitled "U.S. exports of goods and services support rising share of U.S. jobs." In
the article, Mr. Davis quotes liberally from the U.S. Department of Commerces Office of the Chief Economist, and he notes that the strong growth of U.S. exports during the latter
part of the 1980s and the early part of the 1990s has helped with U.S. economic growth, higher wages and rising employment (Davis, 1995). Davis also pointed out that the
rise in the U.S. GDP helped support further jobs not necessarily related to production (Davis, 1995). It could be safe to assume that some of these jobs could involve accounting.
If you think about it, it makes sense. Higher GDP means more manufacturing. More manufacturing means more businesses. More businesses means more
balance sheets, cash flow statements and other accounting-specific functions. This even tends to be the case even when the accounting profession is at a low ebb, has it has been
since the Enron scandal broke (Hardy and Sweeny, 2002). Firms take a beating in this case, too - although it isnt necessarily related to the overall GDP. But with the
GDP anticipated on rising, we can also surmise some interesting facts. A strong GDP can lead to stronger consumer spending (Hardy and Sweeny, 2002). Stronger consumer spending can lead to
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