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To achieve this homogeneity, accounting practices in the modern economic market must strive for a symbiotic relationship with globalization. Because consumer capitalism has spread to non-originating countries, and non-Americanized cultures, the practices of accounting and financial management must standardize their policies. Thus, accounting must be regarded beyond capital market settings, and the different effects that accounting has had in such sites must be examined and converge to a simpler mode.
How Accounting is Changing Globalization
Since leading companies have subsidiaries in all important market regions, globalization has changed record keeping...
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