Impactul globalizării asupra contabilității

Abstract

This topic revolves around examining the profound impact of globalization on the field of accounting. Globalization, characterized by the increasing interconnectedness of economies and societies worldwide, has significantly transformed accounting practices and principles. One major aspect of this transformation is the adoption and convergence of International Financial Reporting Standards (IFRS), which aim to harmonize accounting practices across borders, facilitating comparability and transparency in financial reporting. Furthermore, globalization has heightened the importance of currency exchange and risk management in accounting, as businesses operate in diverse international markets with fluctuating exchange rates. Moreover, the integration of technology and digitalization has revolutionized accounting processes, leading to greater efficiency, accuracy, and accessibility of financial data. However, this digital transformation also brings challenges such as cybersecurity risks and the need for upskilling accountants in technological competencies. Additionally, navigating the complex landscape of international accounting regulations poses a significant challenge for multinational corporations, requiring meticulous compliance efforts and adaptability to diverse regulatory frameworks. Furthermore, globalization has propelled the emergence of environmental, social, and governance (ESG) reporting, reflecting the growing emphasis on sustainability and corporate responsibility in accounting practices. Companies are increasingly expected to disclose information about their environmental impact, social initiatives, and governance practices alongside financial performance metrics. In this way, the paper aims to analyze the multifaceted ways in which globalization has reshaped the domain of accounting, underscoring both the opportunities and challenges posed by the increasingly interconnected global economy. CZU: 657:339.9; JEL: M40, M41; DOI: https://doi.org/10.53486/issc2024.36