International Journal For Multidisciplinary Research

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Addressing Challenges in International Accounting: A Comprehensive Literature Review

Author(s) Omwima Husein Mausa, Masibo Safina
Country Uganda
Abstract International accounting presents a complex landscape fraught with challenges and nuances stemming from diverse regulatory frameworks, cultural differences, and economic factors across borders. This paper presents a meta-analysis of existing literature on challenges in international accounting to offer a comprehensive understanding of the key issues encountered in this domain. Utilizing a rigorous meta-analytical methodology, this study systematically reviews a wide range of scholarly articles, reports, and books to identify common themes, trends, and variations across studies. By synthesizing findings from diverse sources, this research aims to provide insights into the overarching challenges faced by multinational corporations, accounting professionals, and regulatory bodies operating in the global arena.
The meta-analysis methodology employed in this study involves the systematic identification, selection, and coding of relevant literature using predefined criteria. Through quantitative analysis techniques, such as effect size estimation and subgroup analysis, this research examines the prevalence and significance of various challenges in international accounting, while also exploring potential moderators and sources of heterogeneity across studies. The findings revealed a comprehensive landscape of challenges in international accounting, including but not limited to regulatory divergence, cultural differences, foreign currency translation, and lack of global standards. The implications of these findings are discussed in terms of their relevance for practitioners, researchers, and policymakers in the field of international accounting. By synthesizing empirical evidence from a multitude of studies, this research offers valuable insights for decision-making, policy formulation, and future research directions aimed at addressing the challenges inherent in international accounting practices. Overall, this research contributes to a deeper understanding of the complexities of global financial reporting.
Field Business Administration
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-05
Cite This Addressing Challenges in International Accounting: A Comprehensive Literature Review - Omwima Husein Mausa, Masibo Safina - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.23855
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.23855
Short DOI https://doi.org/gt3ng3
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