After leavng ACCA, Dr Steve Priddy assesses the future of the profession and the institutes
We need to be honest if we are to see clearly into the future. The practice of accounting is underpinned by a series of sometimes questionable ass umptions. Let us consider some of these in turn.
1. Businesses are global
If we mean by this that the world’s economy is dominated by corporations whose place of incorporation is incidental to its operations, then there are at most a handful of global businesses. BP, for example, much in the press these last weeks, is America’s biggest oil and gas producer. It has 40% of its assets located in the US. It employs 30,000 workers in the US, as compared to 10,000 in the UK. It is international, not global, and this is not a trivial distinction.
See full Article.
Posts
