Review of global accounting data frameworks

Abstract

2014
This paper traces the benefits of international accounting information systems-their contribution to
standardization and harmonization by purposing and tasking for business management. In this review, the
goal is to describe and summarize how the accounting information system can help management decisions
and influence the business environment in a global scale. The unified, standardized accounting information
system will lead to new types of analysis and data, furthermore with the possible integration of new indicators
from the business management practice of certain countries. The purpose of this study was the measuring
the differences between the national rules and the international methods by countries, then the valuing and
analyzing their effects on the business environments. The study showed that both businesses earnings and
stock returns effect on the management turnover. The businesses with lower labour productivity compared to
their industry peers have greater incentives to adopt international accounting system. However, the results on
turnover are sensitive to this change in variable specification. So the increase in the sensitivity of turnover to
accounting performance post-adoption is primarily driven by heightened turnover sensitivity to accounting
losses. The empirical results could be the author’s suggestions for business management