FORECASTING IN INTERNATIONAL ACCOUNTING

Forecasting in International Accounting

Forecasting in International Accounting

In today's society, business and cultural environment are playing a significant change in the life of many people. More and more businesses are beginning to operate both domestically and internationally. The expansion of business has lead the world into a new era filled with creative technology, making life easier. With the effects of international pressures, businesses sometimes need to adapt to or try to influence culture. Culture is what people value and believe. Trying to change a person's perspective about one's culture is not easy. Along with that comes for accounting change. Many businesses have to conduct a lot of surveys and advertisements to see what consumers are looking for. Global business has created many jobs, competition, technology, and much more. With these differences in mind every business might have its own accounting system. This is because of cultural, economic, political, and legal system differences In the future society, education will have the essential role in creating a new way of life specific to a society based on knowledge and learning.

Changing the way of thinking modifies not only the emotional-conceptual framework, but also highlights of actions in the context of economic process, with implications on the strategic directions of economic policy. If pre-industrial and industrial societies put the emphasis on the classic factors of production, the knowledge economy has to rediscover the qualitative valences of the human factor, which, not a few times, has been quantified residual factor, according to some authors.

In fact, the future workers of knowledge and service providers should have the opportunity to go to work based on knowledge, to be able in every stage of their life to continue their training, to focus on or shift careers, according to the requirements of the labor market. We live in a world of services, customized products that are continuously renewed in a global competitive battle. The accounting information is the raw material and finished product for any trading company to exercise the functions and performance management.

The interest of human community regarding the research of future is increasing rapidly. (Chan, et. al.2007)

Concerns about further development of economic and social systems at micro and macro levels, is today's priority objectives of the management. That is why present concerns are concerted towards standardization of accounting methods for integrated data processing and use of new technologies, including in the field of artificial intelligence. From the accounting treatment of data and accounting information the shift is made quickly to the knowledge-based accounting and accounting to the accounting to knowledge society. Exploring the future today differs radically from traditional forecast and predictions.

The new element in the contemporary study of future is that the investigation is done with the methodology of scientific knowledge. With business development and economic and financial developments in the company of exchange, accounting has developed principles, methodologies, methods, processes and means of documented record of the phenomena and processes of companies in the benchmark, value preponderant, reflecting meanwhile, the ...