Accounting: Labor, Capital and Product Markets
26 Pages Posted: 6 Sep 2007
Date Written: December 2002
Accounting practices differ across geographic and political boundaries, across sectors of the economy within these boundaries, and across types of organizations. Globalization exerts a homegenizing force across the political and jurisdictional boundaries with mixed consequences. The development of markets for various factors of production exerts a similar integrative force across sectors of the economy, including business, government and not-for-profit (NFP) sectors. This paper presents an overview of the sources, consequences, and limits of these forces as they relate to accounting.
Keywords: Factor Markets, Accounting, Globalization
JEL Classification: F23, M41
Suggested Citation: Suggested Citation