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Essay / Research Paper Abstract
This 10-page paper focuses on a tutorial covering strategic accounting practices of the global economy. Topics include important issues in the area of international accounting as introduced by experts such as Michael Porter, Henry Mintzberg, Bruce Kogut and Sumantra Ghoshal. Bibliography lists 6 sources.
Page Count:
10 pages (~225 words per page)
File: D0_MTinacdi.rtf
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Unformatted sample text from the term paper:
the public, then subtracted those costs from the sales of the product to come up with the final balance sheet figure. Such a
method is still in use within countries. However, the rise of globalization has meant the rise of multinational corporations -- which has meant the rise of different types of
accounting methods that todays accounting professional must know if he/she hopes to succeed in a globally competitive environment. This paper, which is set
up as a tutorial, touches on the needs and challenges facing the standard professional accountant today. The paper also examines certain theories of competition and marketing as introduced by
well-known business protesters -- and ties those theories into the subject of international accounting as well. But before actually examining these theories in
detail, we must first briefly examine the things that any international accountant who works for any multinational corporation must keep in mind. The
first major aspect of international accounting involves the International Accounting Standards Board (IASB), which have introduced recently International Accounting Standards (IAS) (Anonymous. 2003). In theory, the IAS provides a standardized
accounting method for companies to follow so as to avoid confusion when it comes to currency exchanges, transfer price taxes, import/export fees and other international financial questions (Anonymous. 2003).
IAS primarily is based on the United States Generally Accepted Accounting Practices (GAAP) (Anonymous. 2003). However, given the accounting scandals that have plagued U.S.
corporations (such as Enron and WorldCom), questions have come up as to whether or not GAAP standards are the ones that should necessarily be used (Anonymous. 2003). Because of this,
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