ACC 557 Week 11 DQ2
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This 0 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 26 views.
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Date Created: 11/11/15
ACC 557 Week 11 DQ2 Financial Accountingquot Please respond to the following Predict one major change in financial accounting that may likely occur within the next 10 years As a CFO recommend how you would integrate these changes into your business With so many companies becoming geared toward globalization I believe that within the next 10 years the policies and procedures that currently govern financial accounting will be revised to incorporate even more international friendly policies While the idea of globalization is by no means a new concept in business many of the companies here in America do look to companies outside the US when looking to make investments and I believe that this will over the next 10 years be just cause to review and revise some of financial accounting s current policies As a CFO integrating these new policies would be fairly easy since the policies and procedures would be in favor of what many companies including myself are geared towards which is globalization Implementing these policies can be done easily by establishing a team of individuals to review the new policies and hold meetings with accounting and other department heads to ensure that the new policies are understood and are accurately implemented
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