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INTRODUCTION
As today's companies become more globally oriented and expand into multinational corporations, there is a growing need to compress financial regulations into a homogeneous unit. 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.

WHY ACCOUNTING IS CHANGING
GLOBALIZATION
Since leading companies have subsidiaries in all important market regions, globalization has changed record keeping. Globalization is operating and investing, but also financing (Gebhardt, 2000). The home base of most global investors is the United States, and hence, one of......

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Approximate Word Count: 3729
Approximate Pages: 15 (250 words per double-spaced page)

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