The Effect of Globalization on the Education of Accounting

Globalization is the development of worldwide integration. More specifically, it is the process of combining the economics, societal values, and cultures through communication and trade. Because of this, it is a key factor to be aware of all of the world’s environments and motives. The idea of globalization comes with several positives and negatives. Positives including the fact that the world will be more unified. However, people fear that this will bring the world to a more communistic society with sweatshops and degradation. Globalization is seen as inevitable and impossible to prevent, but not everyone approves of the changes occurring. It is affecting so many industries and studies as a whole. The education of accounting is a prime example of a study facing the many effects of globalization.

To understand how globalization is affecting the education of accounting, the ideas of IFAC and IAESB need to be understood. IFAC stands for the International Federation of Accountants. They are a group of 157 members from over 120 countries made to represent the 2.5 million accounting professionals. They serve to the public’s needs and contribute ideas to make the global accounting industry stronger than ever.

They are the speaking bodies when considering international unity of standards amongst all countries in the world. The IAESB, the International Accounting Education Standards Board. This group is more focused on the implementation of a globalized education standard. They find value in advancement on contemporary issues relating to the accounting profession as a whole including the development of education (Accounting Education).

The accounting education system has been drastically changing due to the effects of globalization. The big effect that this is causing is a large gap between principles and the education of them between varying countries (GAAP vs. IFRS). Because of this, concepts are being reevaluated to be understood and used as policy to be used internationally. To be able to revise the education of accounting, many more requirements are being enforced in institutions. The required amount of credits to be able to hold a Certified Public Accounting license has been shifted from 120 to 150 credits, forcing many accountants to attend graduate school to be able to fill the credit requirement (Globalization). More courses of study are being added to the list of accounting classes that need to be taken to graduate with a B.S. in Accounting. It is predicted that foreign language and international requirements will now be a part of the change so that professionals can obtain more knowledge of the integration of the worldwide economy. Because of this, textbooks are constantly being revised and sold as new. This is also putting a strain on the professors of accounting. Years ago, international economy and globalization were not emphasized in their studies and in their professional careers. Therefore, they are not going to be able to teach on account of this information that they have a large gap in their knowledge of the subject. This is all to be able to prepare students for the increasing difficulties of the CPA exam that are shifting importance to globalization (Nolan).

Globalization is not only causing students to feel the changes made to the accounting education system, but professionals currently in the field as well. These changes in the focus of accounting and international standards are hindering at the current accounting professionals and how they develop their methods to current lines of work. They already went to school and hold their CPA license, yet they are behind in the knowledge that is being taught now. This is going to create a higher demand for the younger generation accountants and a lack of need for the older generation. It is also going to hinder the demand for accountants who studied in the United States because of their lack of specific knowledge towards the principles of the IFRS. In the near future, outsourcing will be the most efficient and effective way to hire accountants strictly on their knowledge of international accounting standards (Nolan).

Globalization is directly affecting how the United States is evolving their education in the accounting profession. Because of the inevitable change to the international accounting standards, the United States has been shifting their education requirements to be able to obtain a CPA license. This is directly hurting not only students of accounting but current professionals in the industry because of their lack of knowledge in contemporary, international accounting standards. Although these changes seem to be demoting those involved in the current accounting study, it is all about evolving the standards of accounting to run businesses to the most efficient and effective point in which they can.

Works Cited

“Globalization and Its Impact on Accounting Education.” PIN. N.p., 2015. Web.

Needles, Belverd E., JR. “Accounting Education: The Impact of Globalization.” Accounting Education: An International Journal. 6th ed. Vol. 19. Chicago: DePaul U, 2010. 601-05. Print.

Nolan, Jessica. “Globalization’s Impact on Accounting Education.” Ezine Articles. N.p., 18 Nov. 2010. Web.

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Home Based Business – 3 Reasons Why Busy Families Should Start an Online Home Based Business

The dismal economic times have been clear in every aspect of life lately. A Sesame Street Special stated that in today’s economy, two out of three middle class families are at high risk of losing their financial security. Moreover, increases in job loss and income cuts have made families struggle with basic costs like housing, medical care, transportation, food, clothing, and child care. Too often, parents have to make difficult decisions that affect their child’s well-being.

All the negative events in the recent years are not in the control of the average family but what most over look is that this is the best time to take control and create the desired financial freedom, through the on-line home based business industry. Now more than ever, the internet is the means to helping families have the time together that they want and deserve.

Though businesses are closing down in the United States, the internet continues to expand quickly. As families face the current economic down turn, people are using the computer and the internet to create financial relief and security. Each and every day, all types of people (parents, doctors, teachers, etc.), from all over the world, are deciding to launch an internet-based business. Consider the following 3 Simple Reasons:

1) Flexible for Busy Parents-

Making money online with a home based business is flexible. Busy parents can work on their business around current commitments; like a full-time or part-time job, etc. Starting an internet business, isn’t an enormous undertaking, it could be part-time business, a weekend business or do on your spare time business. Depending on your personal needs or income goals, you decide how fast or slow you build your business.

2) More Web Resources & No Need To Be Tech Savvy

There are many low-cost and free resources now available to new on-line entrepreneurs. Best of all, for busy parents, most of the training or webinars are online, which is accessible in the comfort of home, while the children are playing or tucked in bed at night. The information is often recorded and accessed 24 hours a day, 7 days a week.

Also, you don’t need any prior business experience or advanced computer skills. If you can use e-mail and surf the web, then you have the skills to get started. A laptop or a computer and an internet access is all that you need. There are simple step by step systems to follow, which minimizes newbie mistakes and creates a higher success rate. This is crucial for parents who have no time for guess-work or errors.

3) Diversify income streams

A mistake that many families make is to only rely on one source of income, like a full-time job. A sudden job layoff could jeopardize a family’s financial security. However, those that make money online help get around these unexpected occurrences because they have created multiple income streams. To put it simply, there are many ways an on-line business can help bring in capital to a family household. It can only get better from here. In the coming years, the internet will offer more resources, more places to connect with colleagues, and most importantly, more ways to create monthly income.

Timing is everything! Now is the time to start earning multiple streams of income with an internet home based business. In addition, there are simple, accessible, trainings and support systems for new on-line business owners to use around a limited time schedule. Lastly, starting an on-line home based business certainly has its benefits and can change the path of a family’s financial future.

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3 Telecommunications Tips For Home-Based Businesses

One thing that many home-based business people neglect to their own detriment is telecommunications. Telecommunications technology is changing rapidly and many work from home entrepreneurs do not fully understand what they need to do to optimise their phone and internet service. If you get this right, you can grow your business exponentially utilising the available technologyIf you are considering starting your own home-based business you need to think about your telecommunications services. You need to get it right. Here is what you need to think about:Think about the internet connection that best suits you- If you are going to start your own home-based business your most important contact point is your internet connection. When you are starting your business you need to think about the type of connection that will best suit you. If you are heavy on downloads you may want to consider a portable wireless connection. This means that you can take the internet with you on the road. If you need to be in the one spot and you rely on large downloads then obviously a fixed internet connection is for you.Consider getting a VoIP landline- You should not use your home phone number for your business. You could get caught out with one of your children answering your phone. This just doesn’t look professional. You need a business landline and one of your best options is a VoIP service. You could go with a Skype service that won’t cost you anything unless you make outgoing calls.Get a smart phone for your mobile connection- Everyone needs a mobile phone but if you are a home-based business owner you need a smart phone. With a smart phone you get access to your email and you can also update your Facebook, Twitter and LinkedIn accounts. A smart phone means you no longer have to waste any downtime. If you are stuck waiting in a queue or for food at a cafe you can respond to emails or update your status. This means that you have more free time at the end of the day to spend with friends and family.No matter the size of your business, whether you have hundreds of employees or you work from home, telecommunications is important. If you want to work from home you need to concentrate on telecommunications. You need the right internet connection, you need to make sure that you have a business landline and you need a smart phone to keep in touch with people on the road.

Home Based Business – 5 Simple Steps for Creating Wealth

Thirty years ago, a home-based business that didn’t involve taking care of children was quite rare. Now, thanks to the magical online universe, they’re not only common but also prosperous in so many instances. If you want to create your own home-based business, five simple steps for creating wealth are listed below. These steps won’t guarantee success or vast riches, of course, but they will send you and your business off in the right direction, the direction towards wealth.1. Decide what kind of business you want to launch… This isn’t necessarily as easy as it might sound. Make a list of all the things that you’re good at doing, and then determine what you most like to do and which of these talents would make for the most profitable business. Maybe you want to stay local and offer tutoring services to area children, or sell gourmet pizzas around town. Maybe you want to go national or international and build and ship monogrammed cabinets that you build yourself. Sometimes it’s good to find a niche, something that will cater to a narrow but loyal fan base. For instance, maybe you won’t just offer cookies as there are so many people selling baked goods out there, but rather you will sell cookies that look like movie stars-definitely a niche in which you’ll face less competition.2. Build a website that will win you fans… This includes a short, memorable domain name that explains what your company does or sells. You’ll want a font that’s easily readable, attractive colors, crisp descriptions, enticing photos of all your goods, an easy and reliable mobile payment system, your background and contact info prominently displayed, and a list of all your prices.3. Figuring out the price point for all of the items you sell… If your prices are too high, you won’t get as many customers as you need, and if they’re too low, you’ll be losing out on crucial profits. Research how much other people are selling similar items for. In fact, do a LOT of research here. And consult a business expert or two if you’re having trouble ascertaining your price points.4. Have the right equipment you need to succeed… Fourth, be certain you have all the equipment you need to succeed as a home-based businessperson. This means an up-to-date, powerful computer, perhaps a backup computer, an airtight means of backing up all your data files, a good shipping company at your disposal and a personal attorney. You also need a quiet place in which you can concentrate for long periods every day, as well as a comfortable chair.5. Effective and free advertising, marketing… Finally, advertising is crucial for any home-based business. Be sure to keep reading up on the latest in online advertising, and make sure you have plenty of links to other successful websites. Also make sure that your site is as search-engine friendly as it can be. There are many online marketing programs out there that teach you how to apply free and effective ways of advertising and marketing.

Earn Money at Midnight With Your Home Based Business

Just because you have to spend the day looking after your new born does not mean that you should be without any income. The internet provides you with an excellent way to make money online. Ask a few of your friends who too have faced situations similar to that of yours and most of them will reply that they had faced no financial problems post child delivery. Even though they had to take care of their newborns during the day, they were earning money at night from their home based business.It is very easy to make money online and all that you need to have to work from home is a computer that is connected to the internet. Just search the net and you will find that there are many sites that help you make money online. You are required to register yourself with these sites that pay you to work at home for them and undertake simple tasks to make money online. The type of task you choose for your home based business depends upon your skills. However, even those who are totally novices on the internet have ample opportunity to work from home and make money online.All that is required of them is the ability of logging on to the net and the capability of filling up forms and sending emails. This is the type of job you might be required to do for a survey organization. Though the payoff per survey might seem too less, at the end of the day you will find that you have earned much more with your online business than you would have from your fixed time job. This is the main reason why more and more people are starting to work from home.If you are a graphic designer or specialize in any other field, then the amount of money you can earn from a home based business is beyond your wildest dreams. There are instances where people have earned tens of thousands of dollars per month from home based business. Why should you be left out when the others are striking it rich? It is high time you too joined the bandwagon and started to make money online with a home based business of your liking. The main advantage of online business is that you do not need to work under a boss.This apart, you have flexible work schedules when you work from home. If you do not like a particular type of home based business, you are at liberty to drop it and start another one that you are adaptable to. The biggest advantage of home based business is that you do not have to make any investment. The entire investment is done by the organization you work at home from. Apart from the internet connected PC there is nothing else you need to invest in to make money online. It is high time you try out any online business and see the difference it makes to your financial life.

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Reasons to Start a Home-Based Business

Are you working a 9-5 job? Perhaps you are stuck under the rule of a tyrannical boss, who pays you peanuts and you feel under-appreciated. Well, even the more reason to consider starting a home-based business. Starting your own business can solve some of the issues that come with working at your current job. Here are three reasons to start a home-based business: job selection, freedom, and better quality of life.In the current state our economy is in, creating a home-based business is more profitable than ever. The first reason to start a home-based business is job selection. Our country is full of people desperately searching for jobs, just so they can provide for their family. Now both husbands and wives are out working every day, with less time to spend with family, friends, and each other. When you start your business from home you will be able to pick and choose what jobs you want to do. You will want to pick a market that has a demand for your product of course, but still you can choose any job you want!One of the most attractive reasons to start your own home-based business is the freedom that comes with it. You will no longer have to commute back and forth to work. No more rush-hour traffic jams, being late for supper, missing out on outings with the family due to deadlines at your current job, and you can wear your pajamas to work too! You can choose what hours to work, where you want to work, and you make all the decisions.Another reason to start a home-based business is to have a better quality of life. You will get more time to spend with your family and friends. You’ll have the time to pursue your other hobbies or interests. Also, you will be your own boss, and that means you can create your own time schedule. One last point: if you decide to create your business online, there will be no limit to how much money you can make! Although, you are not one hundred percent guaranteed to make income, but the sky is the limit when it comes to how much income you can make online.In summary, the home-based business industry on the internet is really becoming popular these days due to the state of our economy. Consider the reasons to start a home-based business which are: job selection, freedom, and a better quality of life. Write down your own list of reasons why you’d like to start working from home and compare them to this list. Perhaps then you will realize that starting a home-based business could be beneficial to you and your family.Wishing you the best,
Beth Balcum

Canadian Women Home Based Business

If you are considering starting a Canadian Women Home Based Business then you will need to understand the basics of starting your business, including the GST, HST, and PST. There are some things you need to do to prepare yourself for starting your Canadian women home based business. In Canada, there are some specific sales tax items that you need to make sure you grasp, too.Hopefully by now you know what type of Canadian women home based business to run. If not, then take some time out now to develop your ideas. Go over what things you enjoy and how you can turn those things into a business. Then discover what opportunities or niches you can fill with your ideas.As you build your Canadian women home based business from the ground up, you will want to come up with an effective business name along with a business plan. You will want your business name to be memorable and simple. A “cutesy” name may be fun at first, but ask yourself if it will be cute years down the road. Also figure out what type of Canadian women home based business you will want to start so that you can register your business and business name within your province. Also, in many areas you will need to obtain a business license, so check with your municipality.Another item you will need to obtain is a business number. It may not be something you need right away for your Canadian women home based business, but it is something that you will need later. The business number for your Canadian women home based business is assigned when you register to do business with the Canadian Revenue Agency, or CRA.You will need to obtain a business number if you register for the GST/HST or if you file corporate income tax. Do your research on the GST/HST, because you may discover that your Canadian women home based business is considered a “Small Supplier,” which makes you exempt from having to work with the tax. Even if you do decide to register, you will need to take some time to make sure you understand how the GST and HST work. Besides the GST/HST, you may also need to register your Canadian women home based business as a collector of PST (provincial sales tax). You can usually find information from your province about how the PST works and how to collect it.Insurance is another consideration for your Canadian women home based business. You may want to consider obtaining a business insurance policy to protect your business assets from incidents that may occur. Make sure, though, that you consider your different options regarding business insurance for Canadian women home based business and do your research so that you save money on your business insurance.Read the rest of the article here: Canadian Women Home Based Business.

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What? A Home Base Business? My Wife is Going to Have a Cow About This One!

Home base business Before you proceed further ask yourself the following questions: Why do you want to start a home based business Do you see any advantages What are your disadvantages Do you have any entrepreneurial qualities that help you succeed in your own home based business What is your plan Can you market a product or service Who are your customers When will you give up your regular job Are you thinking about this because you are unemployed at the moment. A home base business requires a lot of hard work and do not listen to anyone that says otherwise. The opportunity is there for you to create a dynamic home base business online if you do it right. The desire to be your own boss in a home base business and have the blissful freedom to set your own hours is a powerful force for just about any man or woman. If you really want a home base business and be your own boss you need to work more then 45 minutes. Congress passed a law to help home base businesses. It states if you work 45 minutes a day for 4 to 5 days you have a home base business on the internet. 45 minutes a day for 5 days is considered a home base business and you reap the benefits from the tax breaks.

Opportunity

The reason those things are not secrets, is because every network marketer on the planet tells us those words every single day trying to get us to join their opportunity. You can find a great home business opportunity by searching the internet or by continuing to read this article. If you would like to be one of many who have found a home based business opportunity and become successful with it, then hard work is going to be needed to achieve this goal. Branding a work at home business opportunity has to be done with some care, many people tend to jump from one work at home business to another, so the easiest way is to brand yourself or perhaps use a name that describes generally the type of work at home opportunity you are concerned with. I come across many people during my working day who are busy joining this and joining that free opportunity but they never stop and think about how they are actually going to work a business.

Income

There really are hundreds of little ways you can generate income from home both online & offline. Some people need a home business to help them supplement the income received from there regular job, while others need the home based business as a way for them to keep busy as they might not have another job. Many home based businesses take a long time to show a return on investment because they rely on building downlines to create a residual income, but most people want to earn money more quickly, so what should you do to build a better home based business. People turn to the internet at these times seeking an extra source of income and are drawn towards building a free better home based business, the problem is that the internet is like any other business, in order to make money you need to invest. Some people will only join a business if it is free and then expect to be able a six figure income.

Success

Learn how to calculate and improve conversion rate Measure your success and improve conversion rate of your web site. First thing is that there is no such thing as a get rich quick scheme nor is there definite over night success, unless you have good resources. You need to work hard in order for you to become successful. By doing this, you will be able to have an idea on how much money you are potentially going to spend just to make the business a success. To be successful, you need the courage to move away from the past and be a leader in yourself. You need to develop a mindset and attitude, Learn from successful people read some of the classical books such as Napoleon Hill’s Think and Grow Rich, inspired by Andrew Carnegie. This book was published before computers and the internet was ever envisaged. You can even get a free download here: [http://financial-freedom-made-simple].

I personally would like to offer my help in assisting you with the success of your internet home base business. It is wise to keep your full-time job until your small home base business takes off. We have an abundance of home base business information, training, resources and tools for you to help you create the wealth you are looking for. We are searching for new affiliates so if you are searching for a home base business that provides a fun atmosphere and credible credentials give us a visit and decide for yourself.

If you want to know how to build a real money making Internet Business and squeeze it for every penny you can, blog resources and news that you can use from the best internet marketing tools and the best advertising techniques for your blog site promotion.

5 Tips for Small Business Success

As a small business, we face certain challenges that can add stress and anxiety to our daily lives. It is not always easy meeting payroll, hiring, figuring out what platform to market on and managing the finances. But, millions of small business owners do these things every day and their businesses thrive.

Here are 5 Tips for Small Business Success

Write Down Why You Started

As a small business owner, you may find yourself living on a rollercoaster. Some days you feel like you are going to take over the entire universe while other days you fire yourself and walk off the job. And, early on in the small business process, you have more firing and walking off the job kind of days. It is in these days that you must remember your “why.” Why are you doing this? Why are you so passionate?

During the days that you are “taking over the universe” and are more clear minded, write down the answers to those question so when you get discouraged you will remember why you started and you will be less likely to give up. List out support systems and create vision boards so that when times feel dark, you know who you can reach out to and have a physical vision of the direction you want to go.

Step Away

As a small business owner, you probably take your work home, talk to your partner about it, and answer calls on the weekends. But never taking a step away can lead to burnout. The last thing a business owner should do is make decisions based on feelings like stress, frustration and impulsivity. Working on you and/or your family independently of your business is a great way to refresh and gain clarity so you can be even stronger in your business. Successful people take breaks.

Give yourself at least one day a week where you step away completely. Set boundaries with clients or customers and they will respect your time even more. If you really feel that you cannot take one day, start small with time away. Take 30-60 minutes at least one time per day to do something that clears your mind. Do not answer business calls during this time, instead, try something like getting in touch with nature, taking a bath, or working-out. The better you are to your mind and body, the clearer decisions you will make for your business, clients and customers.

Hurdle the Tough Times Quickly & Learn From Them

As a small business owner, you are learning something new every day. Business owners switch hats all the time; from finances to legal to day to day operations to HR. And, it is no secret that mistakes will be made.

If you want to be successful in business, don’t ruminate, internalize and dwell on those mistakes. Instead, chop it up to a learning lesson and press forward being cautious not to make that mistake a second time. Hurdling barriers and setbacks quickly will help you to minimize your stress and preserve energy in order to continue growing your business.

Get a Mentor

So many people have been in your shoes before you. They know the puddles you should not even try to step in and they can also give insight into decisions you are facing.

Reach out to these people and ask them for their mentorship. If you do not have a mentor, try networking to meet likeminded people that can share ideas with you. However, as your business grows, if you do not have a mentor, keep your eyes open for someone that you can call on for support. Most successful people want to help you grow and develop and will be glad to guide you. Just make sure that you are open-minded when your mentor talks with you and that you come with questions or a direction to the meeting as to not waste their time.

Make Sure You Have Financial Options

While you switch hats, ride the rollercoaster, take calls from customers on days off, and try to somehow maintain life balance, the one thing a business owner must have peace of mind and security with is finances (personally and professionally).

As a small business, make sure you work with a banker or company that is transparent and that you can trust. As your business grows, there will be growing pains, and that is a good thing, especially if you have a banker or lender who supports small businesses and simplifies things. Be sure to speak up to your lender about various types of resources, loans, business credit cards, and cash advances that best fit your niche.

How To Succeed At Online Product Creation The Easy Way

Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.

Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.

Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.

Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.

Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.

Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.

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