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Abstract

The establishment of international accounting standards as general models and guidelines has become a fundamental requirement and an urgent necessity for economic decision-makers, ensuring the consistent preparation of financial statements and data across various sectors of modern society. These standards have proven effective in addressing accounting issues at local, regional, and international levels, with over 150 countries adopting them to eliminate significant discrepancies previously found in financial reporting. This harmonization allows proponents of globalization to leverage the advantages offered by these standards on a global scale. Consequently, this research focuses on the pivotal role of international accounting as a global system adopted through a set of generally accepted accounting principles and standards, along with their derived methodologies applicable across nations. Furthermore, the rise of the internet and e-commerce serves as the technical and physical foundation for the success of commercial globalization—a broader concept that functions as a driving force in marketing and purchasing decision-making, leading to the elimination of traditional market constraints and a reduction in operational costs. In this context, the researcher examines international accounting standards and their role in enhancing global accounting performance, specifically exploring the use of transfer pricing as a key international accounting tool. This study also addresses the structural pillars of globalization, namely the World Trade Organization, the International Monetary Fund, and the World Bank, which oversee the fundamental infrastructure of globalization, striving to create a more integrated, stable, and expansive global economy that transcends political boundaries, customs barriers, and diverse investment environments worldwide.

DOI

10.33095/jeas.v15i55.1217

Subject Area

Accounting

First Page

230

Last Page

246

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