1 ) 0 Introduction
Contemporary business environments are increasingly competitive and energetic. The fact that it must be changing by a fast tempo there are changes in the new concepts accounting control must be designed in order to cope up with the changes. Consequently , companies will have to develop reasonable and trustworthy business strategies and to make use of management accounting tools to be able to support preparing, control and decision-making. It is vital that before engaging in any management plans the business should realize that the accounting information can be affected by the present day business environments which are powerful, turbulent and complex. Therefore accounting devices must be developed in a way that could enable these to withstand such environmental circumstances (Coombs, Hobbs & Jenkins 2005, p25)
1 . you Globalization
Because the world becomes one global playing field, the environmental changes in countries affect business decision and the efficiency of businesses. There are modifications in our economic, business, social and cultural environments which have helped bring a change in corporate firms and also other organizations. All of us will look on some of the factors below. 1 . 1 . you Technology Growth
Technology is among the important factors in the development of globalization. Information technology is definitely helping even more to improve the positive effect. В It includes contributed to globalization by providing infrastructure for connections. In particular, advancements in means of transport, marketing and sales communications, and info processing include allowed global links to be denser, quicker, more reliable, and far cheaper. 1 ) 1 . two Religion and cultural
While companies risk into brand new markets heading to on potential business opportunities, they might see the effects of the difference in the religious and social practices and just how they form the business techniques. There is a have to be sensitive towards the practices in each distinct country so as not to get across the line and breach all their trust. For instance , in Islamic...