Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting
The globalization of the modern economy imposes special requirements on national accounting systems with the focus on standardization of information summarizing methods in order to form unified accounting statements. Public companies seeking to become players on the global trade platform are forced...
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| Format: | Article |
| Language: | Russian |
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Government of Russian Federation, Financial University
2020-08-01
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| Series: | Учёт. Анализ. Аудит |
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| Online Access: | https://accounting.fa.ru/jour/article/view/327 |
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| author | E. A. Sharovatova |
| author_facet | E. A. Sharovatova |
| author_sort | E. A. Sharovatova |
| collection | DOAJ |
| description | The globalization of the modern economy imposes special requirements on national accounting systems with the focus on standardization of information summarizing methods in order to form unified accounting statements. Public companies seeking to become players on the global trade platform are forced to adopt the rules of the international accounting and reporting. This has certain implications for national accounting in different countries. The article offers a study of the alternative influence of the phenomenon of economic globalization on the development of modern accounting. Positive and negative factors of such influence which have already forever changed the quality of the accounting, (Russia included), are highlighted, meaning not only improvement of the methods of accounting information generalization but also changes in the very attitude to the accounting profession. It is concluded that the consequences of economic globalization for the countries participating in the world trade platform have led to a positive change in the quality of the accounting system as a whole. However, to maintain this trend, the participation of educational institutions and professional communities along with the state in the improvement of an accounting process is required. |
| format | Article |
| id | doaj-art-b5130afdb7c34609ac3bda53d554cf36 |
| institution | DOAJ |
| issn | 2408-9303 2619-130X |
| language | Russian |
| publishDate | 2020-08-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj-art-b5130afdb7c34609ac3bda53d554cf362025-08-20T03:23:14ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2020-08-0174253210.26794/2408-9303-2020-7-4-25-32314Pros and Cons of the Globalization of the World Economy Impact on the Development of AccountingE. A. Sharovatova0Rostov State University of EconomicsThe globalization of the modern economy imposes special requirements on national accounting systems with the focus on standardization of information summarizing methods in order to form unified accounting statements. Public companies seeking to become players on the global trade platform are forced to adopt the rules of the international accounting and reporting. This has certain implications for national accounting in different countries. The article offers a study of the alternative influence of the phenomenon of economic globalization on the development of modern accounting. Positive and negative factors of such influence which have already forever changed the quality of the accounting, (Russia included), are highlighted, meaning not only improvement of the methods of accounting information generalization but also changes in the very attitude to the accounting profession. It is concluded that the consequences of economic globalization for the countries participating in the world trade platform have led to a positive change in the quality of the accounting system as a whole. However, to maintain this trend, the participation of educational institutions and professional communities along with the state in the improvement of an accounting process is required.https://accounting.fa.ru/jour/article/view/327world economyglobalizationaccountingstandardization of accountingthe accounting profession |
| spellingShingle | E. A. Sharovatova Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting Учёт. Анализ. Аудит world economy globalization accounting standardization of accounting the accounting profession |
| title | Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting |
| title_full | Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting |
| title_fullStr | Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting |
| title_full_unstemmed | Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting |
| title_short | Pros and Cons of the Globalization of the World Economy Impact on the Development of Accounting |
| title_sort | pros and cons of the globalization of the world economy impact on the development of accounting |
| topic | world economy globalization accounting standardization of accounting the accounting profession |
| url | https://accounting.fa.ru/jour/article/view/327 |
| work_keys_str_mv | AT easharovatova prosandconsoftheglobalizationoftheworldeconomyimpactonthedevelopmentofaccounting |