The role of accounting in financial decision making in globalized environments
DOI:
https://doi.org/10.63618/omd/ssjm/v1/n2/13Keywords:
accounting, financial decisions, globalization, IFRS, financial informationAbstract
This article analyzes the strategic role of accounting in financial decision-making in globalized environments, highlighting its transition from a technical function to an essential tool in organizational management. Through a bibliographic review of scientific literature indexed in Scopus and Web of Science, studies were identified that demonstrate how accounting allows risk assessment, financial planning, international operations and efficient allocation of resources. It is concluded that the adoption of International Financial Reporting Standards (IFRS) has promoted transparency and comparability of financial statements; however, limitations associated with regulatory heterogeneity, cultural factors and institutional capacities persist. The study highlights that, in order to enhance the role of accounting in the global economy, it is necessary to move towards more effective standardization, strengthen professional training and adopt digital technologies with a strategic approach.
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Copyright (c) 2023 Quingaluisa-Criollo, Jhenny Lucía, Herrera-Cueva, Blanca Alexandra, Pazmiño-Lapo, Michael Fernando, Olalla-Moreta, Viviana Jomayra (Autor/a)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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