The Development And Practice Of Accounting - 1801 Words

The development and practice of accounting is affected by the international business environment. Several influential factors that impact the international environment are the country s legal system, the political and economical relationships with other countries, as well as the social and cultural climate. From an economical perspective many variables that play into the development and practice of international accounting such as the level of inflation, strength of funding, growth pattern of the country s economy and the country s level of independence. In my global business class, I was tasked to review the global market and decide chose a developing country and a market in which I would like to enter. In order to assess which market and country that was suitable, I reviewed the World Bank for pertinent data such as GDP, debt, country ease of doing business, unemployment rate and diversity. In addition, I reviewed the country s resources, regulations and procedures and identifi ed all risks for market entry. Throughout this project, I utilized various resources such as Global Insight, Global Marketing Financial Times, Trading Economics and Atradius. While researching information for this project it was evident that I was not going to develop my business in the European market. This is where the legal and political variables play an important role into development and accounting internationally. For example, back in 2009 the Greece government were so corruptShow MoreRelatedAccounting, Accountability And Governance Practices Of Nigerian Content Development And Monitoring Board948 Words   |  4 PagesThis thesis sets out to examine the accounting, accountability and governance practices of the Nigerian Content Development and Monitoring Board (hereafter, NCDMB) and the International Oil and Gas Companies (hereafter, IOCs) in the implementation of, and compliance with, local content sustainability rules in petroleum contracts in Nigeria. 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