Abstract
The transformation of economic life, driven by rapid technological advancements and information technology in the fields of aerospace, telecommunications, and microelectronics, has enabled corporations to transmit vast quantities of data at significantly reduced costs. Furthermore, the expansion of multinational corporations (MNCs) and their pursuit of global economic dominance through widespread subsidiaries have necessitated robust production and cost systems, alongside sophisticated management and accounting information systems. To effectively manage these subsidiaries, account for investments, determine profit shares, and address international tax obligations, these entities require an efficient accounting framework that adheres to International Financial Reporting Standards (IFRS). Consequently, the integration of these multifaceted requirements has culminated in the globalization of accounting.
DOI
10.33095/jeas.v14i49.1378
Subject Area
Accounting
First Page
212
Last Page
227
Recommended Citation
Sorour, M. J. (2008). Contemporary Economic Globalization Trends and Their Implications for Accounting. Journal of Economics and Administrative Sciences, 14(49), 212-227. https://doi.org/10.33095/jeas.v14i49.1378
