Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

THE IMPACT OF GLOBALIZATION ON THE ACCOUNTING PROFESSION

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,abstract, table of content, references ::   64 people found this useful

Project Body:

ABSTRACT

The study is carried out to examines the Impact of Globalization on the Accounting Profession in Nigeria, the purpose of the study is to determine if globalization has a positive relationship with accounting professional and best accounting practices. The data used was both primary and secondary source data. Information was obtained from the questionnaires, interviews and publicated materials of accounting firms. The chi-square technique was used to test the relationship between globalization and accounting profession in Nigeria. The findings reveals that the benefit derivable from globalization accounting system justify the investment in it and data are easily retrieved. It therefore recommended that the accounting firms should be train on how to use modern facilities, Government should enhance globalization in the accounting industries of any sector.

 

 

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

Recently, globalization has become a significant issue which practitioners and researchers play much attention in itself and its antecedents and consequences. It has an important influence of how firms have been doing businesses in a competitive market. For the national perspective, globalization seems to affect how national governments add values of skill premium, solve unemployment obstacles, conduct independent social policies, and utilize exogenous technical change (Ethier, 2005). It outstandingly connects with the opening nature of the world economy via the rapid diffusion of information and communication technology (Levy, 2007). To clearly address the global concerns, globalization potentially involves economic and financial integration through the abolition of capital controls and the dismantling of barriers (Oxelheim, 2009). Thus, the impacts, influences, effects, and roles of globalization have been intensively debated, discussed, and criticized in the diversified fields of businesses, economics, sociology, political sciences, information technology, communication, and others, in both micro and macro levels, and in the national and international views.

In the light of the globalization aspect, globalization is related to the growing mobility of goods, services, commodities, information, people, and communication across frontiers (Arnold and Sikka, 2001). It refers to a process through events and decisions in one part of the world can have significant consequences for individuals and societies in distant parts of the world. Increasingly, globalization definitely focuses on a political, economic, technological, and cultural process that is especially characterized by the growth and spread of suprastatism, supranationalism, and supraterritoriality (Gallhofer and Haslam, 2006). Under the globalization conditions, firms have easily moved and transferred all business activities to other parties in national, international, and globalize societies, and smoothly accepted and received them from others. To outstandingly understand a view of the globalization, globalization herein, consists of three dimensions, namely, barrier reduction, quick response to changes, and multilateral trade liberalization (Ethier, 2005). Accordingly, it has played important roles in explaining economic, technology, culture circumstances, and others. However, it tends to have a significant effect on business activities, especially accounting practices and functions.

Interestingly, accounting has been forced and affected by the possibilities and processes of globalization. They potentially impact the harmonization of accounting and audit standards, financial reporting, and financial services, and the financial coordination and control of dispersed subsidiaries of multinational firms (Cooper et al., 1998). For example, accounting practices of transnational corporations, transfer pricing, and international taxation are evidences to the debate on globalization (Arnold and Sikka, 2001). To indicate accounting in relation to globalization, firms have gained the globalization pressures in order to report their environmental activities and responsibilities. They are willing to voluntarily disclose accounting transactions through foreign capital, product, and labor markets, and environments and social responsibilities even though a country has a weak legal environment (Webb et al., 2008).

1.2 STATEMENT OF THE PROBLEM

Accounting professionalism refers to a preference by accountants to exercise individual professional judgment in undertaking accounting tasks and entail the maintenance of professional self-regulation (Askary, 2006), and best accounting practices are defined as ways, methods, procedures, and guidelines which firms have implemented them in order to operate their accounting activities concerning with governance, accountability, social responsibility, and business ethics. Then, the effects of globalization on accounting professionalism and best accounting practices are explicitly investigated in this study. Moderating effects of the aforementioned relationships are also examined.

With the interest of the relationships among globalization, accounting professionalism, and best accounting practices, the objective of this study is to examine the effects of globalization on accounting professionalism and best accounting practices through individual learning and continuous self improvement of accounting executives of Thai listed-firms.

1.3 OBJECTIVE OF THE STUDY

  1. To determine if globalization has a positive relationship with accounting professional and best accounting practices.
  2. To how accounting professional has a positive influence on best accounting practices.
  3. To Know the continuous self improvement positively moderate the accounting professionalism-best accounting practices relationships.

1.4 RESEARCH QUESTION

Globalization includes barrier reduction, quick response to changes, and multilateral trade liberalization, and accounting professionalism consists of individual professional judgment and professional self-regulation. Within the current study, the key research questions are:

(1) How globalization has a positive relationship with accounting professionalism and best accounting practices?

(2) How accounting professionalism has a positive influence on best accounting practices?

(3) Are barrier reduction, quick response to changes, and multilateral trade liberalization as the dimensions of globalization? (4) Are individual professional judgment and professional self-regulation as the dimensions of accounting professionalism?

(5) Do individual learning positively moderate the globalization-accounting professionalism relationships?

(6) Do continuous self improvement positively moderate the accounting professionalism-best accounting practices relationships?

1.5 SIGNIFICANCE OF THE STUDY

Also, the globalization of the world’s economies has forced to establish a single set of financial reporting standards (Chand and White, 2007). The formulation and promulgation of International Financial Reporting Standards (IFRSs) are outcomes of regulation, public, and private interests that represent the international accounting debate by concerning with the globalization issues. Likewise, the design of governance mechanisms (board size, board composition, executive compensation, market discipline, interlocking directorate, ownership concentration, duality, and inbreeding) and the design of accountability systems (accounting information, auditing standards, and financial and non-financial disclosures) are results of the globalization forces (Luo, 2005). While globalization has potentially affected the accounting activities, functions, responsibilities, and practices, it is likely to influence behaviors and job responsibilities of the accountants and other accounting professions, such as accounting professionalism and best accounting practices.

1.6 SCOPE AND LIMITATION OF THE STUDY

The scope of this study although is very wide if it has been carried out in the entire organization. For this reason, it was necessary to have a concentrated area to study which was restricted to the impact of globalization on professional accounting firms.

Its major limitation was the problem of getting information from the institution under study. As parastatal, there is always the fear of giving information to the public as such vital information needed was not ready available.

Time equally will not be left out; leaving the school during lecture, test/Exam was also in conducive and the issue of finance cannot be ignored as much was sent it procuring materials.

However, with fact and judicial used of the limited resources, reasonable analysis have been carried out in this research work.


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   1816 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   1203 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   803 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   755 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   692 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   624 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Mohammad I. Musa from UNIMAID said "Thank you guys for your honesty, i will introduce my friends to uniprojectmaterials.com, May God bless your team....".
    Rating: Good
  • 2. Ademola Ayodele from FUTMINA said "i like the confidence you guys installed in me. i never knew there are still some good people in Nigeria; my job was delivered on time as promised..your help desk service is just ok. i have friends to recommend you guys to in January. thank you God bless you. ".
    Rating: Excellent
  • 3. Rita Eze from abia state university said "thank you so much for your sincerity; i will tell my friends about you guys.".
    Rating: Very Good
  • 4. JULIET from UNIMAID said "I THANK YOU GUYS FOR BEING HONEST.....I WILL TELL MY FRIENDS ABOUT YOU GUYS. THANKX SO MUCH".
    Rating: Excellent
  • 5. Lilian Terdoo from BSU said "i have nothing to say but thanx for being honest. i appreciate u guys...".
    Rating: Very Good
  • 6. Demien Johnson from UNN said "Uniprojectmaterials is a blessing to researchers. my job was eased up by you guys. your jobs have good quality and was delivered on time to me. Thanks a million times".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:67
Attribute:Questionnaire, Data Analysis,abstract, table of content, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives