Parallel developments occured alsewhere. The Dutch accounting model was exported to Indonesia among other place. The French accounting system found a home in Polynesia and French-administered territories in Africa, while the reporting framework of the German proved influential in Japan, sweden and czarist Rusia.
As the economic might of the United states grrew during the first half on the 20th century, its sophistication in matters of accounting grew in tandem. Business school assisted in this development by conceptualizing the subject matter and eventually having in recognized as an academic discipline in its own right on collage and university campuses. After world ware II, U.S. accounting influence make itself left throughout the Western word, particularly in Jerman and Japan. To a lesser extent, similar factors are directly observable in countries like Brazil, Israel, Mexico, The Philippines, Sweden and Taiwan.
The paradox of the international heritage of accounting is that in many countries, accounting remains a nationalistic affair, with national standards an practiced deeply anchored in national laws an professional regulations. There is little understandng organization whose decisions are increasingly international in scope.
Resolving the historical paradox of accounting has long been a concern of both users and preparefs of accounting information. In recent years, institutional efforts to narrow differences in measurement, disclosure, and auditing procsesses arround the word have intensified.
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