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Cultural Conservatism In Accounting

1043 Words5 Pages

Conclusion To sum up, the critical effect of culture on accounting is visible. All the aspects such as organizational culture, cultural values, and religion, shape the accounting exercise in diverse ways. These alterations would not be quickly resigned by applying one primary accounting standard for all employees to follow. Culture starts internally, and it is not easy, maybe impossible, for external policies to change the fundamental values of society. Consequently, future accounting rules setters should take into consideration effectsof cultural to keep the profession’s primary objective and develop into the future. My project investigates the relationship between accounting conservatism and cultural conservatism. Throughout the research, …show more content…

Firstly, my evidence specifies that there is a definite connotation between accounting conservatism and cultural conservatism. For example, culturally conservative bosses tend to make more current accountingselections. That will not be clear, and we cannot determine the reasons. My consequences are educational in that they document a relationship between the two types of conservatism.But they do not tell us which factor of cultural conservatism such as public image, security, or religion is mainly participating in the documented connotation. The research believes that this concept of this study opens an important avenue for future research. The future investigations can benefit from this paper be to discover which factor of cultural conservatism may best clarify accounting …show more content…

The project investigates whether GAAP-mandated moderation will affect the accounting prosses or no. Furthermore, this conservation which is considered as cross-sectional changes in administrative rulesmight drive the differences in non-operating accumulations among nations. The research stated that legal and cultural origin could affect a country 's accounting rules. However, experts do not imagine the influences of GAAP-mandated reaction on the consequences to be very important. Finally, I have noted that the generalizability of the project findings may be somewhat limited since my sample comprises a limited number of companies that are contained in the chosen

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