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International Management Accounting Standards Promote Business Growth

Author

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  • Jeno BEKE

    () (University of Pecs, Faculty of Business and Economics, Hungary)

Abstract

This paper traces the benefits of international management accounting information systems and their contribution to standardization and harmonization in business practice. In this review, the goal is to describe and summarize how the management accounting standards promote management decisions and influence the business environment in a global scale. It is expected that 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 author analyzed and valued the effects of international standards on the business economic environments. There was shown that uniform management accounting standards will increase market liquidity, decrease transaction costs for investors, lower cost of capital, and facilitate international capital formation and flow. Reduced costs will also result in more cross-listings and cross-border investments.

Suggested Citation

  • Jeno BEKE, 2010. "International Management Accounting Standards Promote Business Growth," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(3), pages 482-490, July.
  • Handle: RePEc:rom:rmcimn:v:11:y:2010:i:3:p:482-490
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    File URL: http://www.rmci.ase.ro/no11vol3/Vol11_No3_Article12.pdf
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    Keywords

    Value Based Management; International Management Accounting; globalization; harmonization; business economics of standards.;

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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