Global Expansion Essay Example | Topics and Well Written Essays - 3000 words

Global Expansion - Essay Example There has been a considerable growth in globalization in the last decade. Trade and investments across borders have increased greatly that has helped shaping the economies of various nations. It has become highly important for organizations to remain transparent, comparable and reliable in terms of providing financial information. Globalization impacts international accounting in terms of the flow of capital. This increases issues relating to harmonizing global standards. Moreover, globalization has helped emerging economies such as, that of India and China, to participate in the global economy. This further increases the flow of capital as economic opportunities are developed. Maintaining adequate accounting records becomes a challenge for most organizations due to the conflicting accounting policies of the different nations and of regulatory authority. The requirement of universally acceptable rules in respect of accounting becomes essential. In general multinational firms follow t he IFRS principles. Considerable efforts are taken by different regulatory authorities to reduce the gap between the IFRS principles and the accounting regulations imposed by different nations and the US GAAP. Research questions are the identification of the main motive behind a research and what a researcher expects to learn from the same. Research questions hep to give direction to the study and helps maintaining a proper structure in the report. The research questions identified for conducting this research are as follows. The research has been conducted on the basis of qualitative studies. The study was conducted by secondary data collection technique. Information was collected from different journals and books for analysing the subject of study. The pattern of analysis followed in this research was largely the case study method. Case study method