International Management Accounting Standards Promote Business Growth

Jeno Beke ()
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Jeno Beke: University of Pecs, Faculty of Business and Economics, Hungary

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2010, vol. 11, issue 3, 482-490

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.

Keywords: Value Based Management; International Management Accounting; globalization; harmonization; business economics of standards. (search for similar items in EconPapers)
JEL-codes: M16 M41 M48 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:11:y:2010:i:3:p:482-490

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