logo

HI6008 - Business Research

   

Added on  2020-03-04

14 Pages3132 Words41 Views
Running head: BUSINESS RESEARCH Business ResearchName of the StudentName of the UniversityAuthors’ Note

1BUSINESS RESEARCH Table of Contents 1. Introduction..................................................................................................................................22. Project Objective.........................................................................................................................23. Project Scope...............................................................................................................................34. Literature Review........................................................................................................................45. Conclusion...................................................................................................................................6Reference List:.................................................................................................................................7

2BUSINESS RESEARCH Topic: Challenges of Accounting in Global Organizations1. Introduction Accounting is one of the most integral parts of finance with the help of which anindividual intends to identify record, measure and classify the financial information in order tomaintain proper database in business profitability. Providing a good quality of services as well asproducts to the customers is not the only responsibility for a business organization for gaininginternational image and reputation. The business experts in order to maintain a global business indifferent geographical locations should focus on business profitability as well as employeesperformance. Accounting is the systematic way of maintaining both internal as well as externaldata record with the help of which the entire performance level of the organization can beevaluated. In this specific study the primary concern is to evaluate some of the major challengesthat business experts are facing at the workplace while implementing accounting within theirbusiness process. 2. Project Objective This specific study aims to evaluate the challenges of Accounting in GlobalOrganizations. The primary objectives of this particular study are as follow:To critically evaluate the challenges and barriers that business experts have to face whileimplementing accounting within global organizationTo critically understand the overall impact of accounting in enhancing the overallperformance level of the global organization’

3BUSINESS RESEARCH To provide some of the major recommendations on how those identified challenges can beovercome by implementing necessary business strategies as well as policies3. Project Scope It has been observed that in last five years global business organizations intend tomaintain entire process of database by using accounting software for maintaining a properaccuracy within data and information. After the implementation of accounting within theorganization global business organizations are facing several challenges in maintaining a properdata record due to some important reasons (Hodges 2012). One of the most raising issues thatglobal organizations are facing currently ensures the lack of technological skills. Large numberof senior employees is associated within the global business organizations that are notcompatible enough in maintaining financial data record with the help of software. As a result,those kinds of employees are facing innumerable difficulties in providing services within propertime. As a result, the entire flow of business is getting slow day by day. In order to run an international business the entire structure of tax compliance system isvery much crucial. The finance executives have to follow different tax systems, tax rate andcompliance requirements (Guthrie, Burritt and Evans 2012). In this kind of situation the financeexecutives have to face innumerable challenges while following the tax regulations of differentgeographical countries. Accounting is the key to maximize revenue. The entire data storageprocedure is maintained systematically and chronologically only when people are flexibleenough in operating data. An effective issue has been identified on behalf of the practitioners thatemployees are not very much flexible in handling overall database due to the lack oftechnological efficiency (He, Wong and Young 2012). In this kind of situation, the global

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business Research RESEARCH 12 12 Business Research Research Name of the University Author
|13
|2469
|34

HI6008 - Business Research | Accounting Software
|9
|1748
|53

Logistic and Supply Chain - PDF
|14
|3056
|71

Contemporary Management: Issues and Challenges
|10
|2089
|371

Business Research Methodology | Assignment
|13
|2379
|39

Strategic Execution and Implementation - PDF
|18
|3668
|143