Springer Proceedings in Business and Economics The Impact of Globalization on International Finance and Accounting 18th Annual Conference on Finance and Accounting (ACFA (2025)

Impact of Globalization Versus Annual Reporting: A Case

2017

This paper explains the impacts of globalization on annual reporting with few literature examples. Firstly, the impact of globalization has been explained, it includes the adoption of International Financial Reporting Standard (IFRS) to regulate annual reporting accounting procedure in each company. Moreover, the legal system of code law and common law in different subsidiaries countries will be identified and explained. Finally, finance and capital markets impact have been analyzed. Moreover, this paper shows how different international relationship impacts on annual reporting of companies. Globalization is a procedure of, whereby worldwide financial, political and social aspect is considered in a corporation. This help for creating nation's economy. For instance, globalization can impact monetary procedures, innovative advancements, political impacts, social and indigenous habitat components (H. Fairooz 2015). Therefore, globalization is crucial for Annual reporting to increase its shareholder value and impact the national economic improvement in developing countries over the world.

The Challenges Of Globalization On The Accounting Information

2017

Globalization is nowadays one of the most used terms, becoming a modern concept, that all the economists use as it is the main dictum of the management specialists. Globalization represents, in the new economy context, a process of intense changes that affects all the regions of the world, in a variety of segments. However, it appears that the society has not formed a precise idea of it. Therefore, it is important to learn about the history and components of globalization. Also, it is imperative to take a look at some institutions with major impact over the new global order.

Globalization of Business and Financial Reporting Globalization of Business and Financial Reporting

Globalization of the finance

Globalization of the finance and its negative impacts.

Gary. K. Meek, Editor, The New Library of International Accounting 3., Developments in Country Studies in International Accounting—Americas and the Far East, Edward Elgar (2004) 706 pages (ISBN 1 84376 272 2 (£165))..Christopher W. Nobes, Editor, The New Library of International Accounting 4., De...

The British Accounting Review, 2005

Factors Affecting the Development of International Accounting

International Journal of Research in Commerce and Management, 2016

In today's scenario accounting is not only a systematic process of recording and reporting of financial information, if we think so then it will be a wrong notion. With the drastic reforms in international markets, emergence of large number of MNC's, expansion of Accounting bodies and various other environmental factors. Most accountants and financial executives at international level are realizing the diversity and complexities in accounting policies, practices and procedures. This paper broadly examines the important factors which has a huge impact on the development of international accounting.

Comparative International Accounting, Christopher Nobes, and Robert Parker, 2010, Eleventh Edition, Pearson Education Limited, Harlow, Essex, U.K., xxi + 637 pages, €59.36, £46.99, ISBN: 978-0-273-72562-6

2011

International accounting research: An analysis of thirty-two years from the international journal of accounting

The International Journal of Accounting, 1997

This study provides a thirty-two year historical perspective of international accounting research by presenting an analysis of the articles that have appeared in the International Journal of Accounting (formerly, the International Journal of Accounting, Education, and Research) and related monographs during the time period 1965 through 1996. The International Journal of Accounting was chosen for this study because it has the longest continuous history of published research in international accounting. It consists of six sections following the introduction. The second section analyzes all 768 articles that have been published in the journal and related monographs. The next three sections analyze the 263 articles devoted to the European region, the 183 articles devoted to the pacific region, and the 126 articles devoted to countries classified by the World Bank (1990) as economically developing, respectively. The analyses in each section classify the articles by research methodology, country., subject, time periods, and authors. The last section contains the conclusion. A completed annotated bibliography of all 768 articles with indexes by author, topic, counto', and methodology is available on disk from the author.

Rugman, A.M. and Collison, S. (2009) International Business, 5th Ed, Prentice Hall Financi

Introduction to the Special Issue: The Globalization of Accounting Standards (2005)

Business and Politics, 2005

We are currently witnessing the evolution of global accounting standards, as developed by the International Accounting Standards Board (IASB). This is a remarkable development, not only because accounting standards are relevant for all business operations. Whereas accounting standard-setting has previously been a task of national authorities, the process will now be managed internationally by a London-based organisation whose parent foundation is a private company incorporated in the US state of Delaware and mainly financed by the Big Four accounting firms. Furthermore, the US appear to be willing to accept foreign standards that are quite different from their own Generally Accepted Accounting Standards (GAAP). This does not only contradict a widespread perception that equals globalization with Americanization, but also offers a remarkable contrast to US unilateralism in other policy fields. Finally, we are also amidst a major change in the substance of accounting standards, as indicated by a shift from historic cost to fair value accounting within the work of the IASB. This special issue of Business and Politics is devoted to a systematic explanation of these developments, drawing on concepts from International Relations, International Political Economy and Systems Theory.