Here is the synopsis of our sample research paper on MULTINATIONAL ACCOUNTING PRACTICES IN GLOBALIZATION. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8 page paper provides an overview of the current literature regarding multinational accounting practices in the global economy. This paper considers the impacts of globalization on accounting principles. Bibliography lists 10 sources.
Page Count:
8 pages (~225 words per page)
File: D0_Mtglobal.rtf
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Unformatted sample text from the term paper:
More Information on This Paper, Please During the 20th Century, we have moved from a world
of economies with seemingly insurmountable borders to a one-world market in which international trade and 24/7 transactions are more the norm than the exception. The dissolving borders bring up all
kinds of questions, ranging from currency conversions to taxes and products and services. While the global market is increasing at a fantastic rate, accounting and financial systems of many multinational
corporations havent kept pace as they should. However, as more companies become "globalized" through the Internet and other forms of telecommunication, the more theyll likely move toward a standardized accounting
and reporting system, one that focuses on "transparency" and full disclosure. Countries and companies around the world are more open than ever
to international trade, improved capital mobility and opportunities brought forward by globalization (Reuer, 1998). Recognizing this fact, at its meeting in 1997, the International Federation of Accountants (IFAC), "a non-profit,
non-governmental, non-political organization of accountancy bodies" (Sturge, 1997, pg. 4) listed issues that all accountants would face as the business world continued to go global (Sturge, 1997). These included the
importance of continued international accounting education, recommendations for implementation and enforcement of the IFACs code of ethics and a discussion of projects underway to identify the security, control and audit
implications of developments in e-commerce (Sturge, 1997). The projects included electronic audit documents, issue and integrity, and tax and the Internet
(Sturge, 1997). Just as important was implementation of a standardized accounting system for global businesses (Sturge, 1997). A desperate need
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