Question

explain the impart of cultural diversity on strategic accounting issues within a multinational corporation.

Answer 1

In today's scenario economies are getting United that's why there is no difference in markets as we are heading towards globalization were trading is done globally their is urge need to fill the gap in the accounting system too

In simple words the accounting system accepted in india may not accepted in Australia aur any other countries because accounting is science with some limitations as thus science is applied by humans in areas which is impractical to have universal rule .

Because of this reason rules difference adopted is natural bt for the smooth trading and globalisation , multinational companies faces problem to prepare and represent data which is globally accepted

But in recent time unifaction process in global accounting is intiated by major body and countries are becoming members so to guide the changes keeping in mind their culture diversity and environment .