Question: With globalization, there is a push towards harmonizing accounting standards across different countries. The International Financial Reporting Standards (IFRS) are becoming more widely adopted, and
With globalization, there is a push towards harmonizing accounting standards across different countries. The International Financial Reporting Standards (IFRS) are becoming more widely adopted, and professionals will need to be familiar with these standards. As companies operate globally, their financial transactions become more complex. Accountants will need to understand international tax laws, multiple currencies, and global market dynamics. Globalization can introduce ethical challenges due to differing cultural and legal standards. Understanding and upholding strong ethical practices becomes even more important.As the world becomes increasingly interconnected and integrated, as student of accounting at university what employability skills are essential to improve to adopt with globalisation changed such as Proficiency in using accounting software and understanding emerging technologies like blockchain and AI can significantly enhance employability, The ability to effectively communicate across cultures and languages is vital. Clear communication is especially important when explaining complex financial. With more visibility and transparency in the global stage, maintaining ethical standards is vital for individual and corporate reputations.

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