1. The accounting regulations in each country is different. Globalization makes the accounting staff to update the latest developments not only in their country of work.
2. the basic principles have been incorporated into the national accounting standards in different ways in different countries. However, globalization has created increased pressure on all global companies to use the same reporting standards developed by international accounting organizations.
3. accounting double entry bookkeeping is a system that allows business managers to record all incoming and outgoing funds, and assess the current financial situation as well as the progress of the company.
4. companies must meet the requirements of public accounting for government organizations and shareholders, as well as providing financial data to financial analysts and management team business division.
5.
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