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    How Accounting Research Can Make A Difference in The World?

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    Jhemarie
    Accounting research evaluates current practices, develops new practices and accounting curricula. It provides reliable data to help companies make critical decisions and strategies to adapt to changing economic, social and regulatory conditions. When done well, accounting research benefits society by supporting better resource management, job creation and new businesses. It guides researchers, standard-setters and regulators in their decision-making and impacts organizations' ability to make effective decisions based on predictive and objective information.

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    How Accounting Research Can Make A Difference in The World?

    Uploaded by

    Jhemarie
    44 views2 pages
    Accounting research evaluates current practices, develops new practices and accounting curricula. It provides reliable data to help companies make critical decisions and strategies to adapt to changing economic, social and regulatory conditions. When done well, accounting research benefits society by supporting better resource management, job creation and new businesses. It guides researchers, standard-setters and regulators in their decision-making and impacts organizations' ability to make effective decisions based on predictive and objective information.

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    Accounting research

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    Accounting Research

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    Accounting research evaluates current practices, develops new practices and accounting curricula. It provides reliable data to help companies make critical decisions and strategies to adapt to changing economic, social and regulatory conditions. When done well, accounting research benefits society by supporting better resource management, job creation and new businesses. It guides researchers, standard-setters and regulators in their decision-making and impacts organizations' ability to make effective decisions based on predictive and objective information.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    44 views2 pages

    How Accounting Research Can Make A Difference in The World?

    Uploaded by

    Jhemarie
    Accounting research evaluates current practices, develops new practices and accounting curricula. It provides reliable data to help companies make critical decisions and strategies to adapt to changing economic, social and regulatory conditions. When done well, accounting research benefits society by supporting better resource management, job creation and new businesses. It guides researchers, standard-setters and regulators in their decision-making and impacts organizations' ability to make effective decisions based on predictive and objective information.

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    How accounting research can make a difference in the world?

    In the field of accounting, the portion of education that contributes to the intellectual
    development of society is called accounting education. Following the acquisition of this
    knowledge, individuals can analyze their income and expenses and their net profit. As a
    result, society will be able to make better use of its resources in the future. In addition,
    accounting contributes to the creation of new jobs in the economy and society. It also
    opens the door to new professions and businesses, in addition to creating new
    employment opportunities.

    Academics and accountants carry out accounting research. It entails evaluating current
    accounting practices, developing new ones, and developing accounting curricula for
    academic institutions. When a company is faced with adversity due to changes in the
    market, a lack of required information can become a significant problem. This is where
    accounting research can be beneficial.

    A company's accounting research data assists the company in making critical decisions
    and developing successful strategies; these studies aid in the preparation of plans and
    their assessment, utilization, and monitoring. When economic, social, legal, and political
    factors change, accounting research becomes necessary to keep up with the changes.
    Various accounting studies are being conducted in order to keep up with the changes.
    These studies contribute to economic growth by providing reliable and credible
    integrated accounting information, essential for business success.

    Some qualifiers should be included in the accounting data. It should be relevant because
    it has the potential to influence decisions. It has to be predictable as well. The data should
    be objective in order for the decision-maker to be able to rely on it. Accounting research
    is beneficial in the accumulation of accounting principles. Also helpful in comparing old
    and new results and for experimenting with new methods and techniques.
    Accounting research is generally carried out in the following industries: manufacturing,
    financial institution industries such as banks, insurance companies, brokerage firms, and
    financial companies, government, and service industries, to name a few.

    Following my explanation of the significance and definition of accounting research, I


    would like to provide a few examples of the various ways in which accounting research
    could potentially positively impact the world, such as the possibility that it will have an
    impact on practice.

    In addition, accounting research aids and guides the thinking of researchers, who then use
    their findings to make a positive impact on the community through consultancy services,
    professional services, and educational opportunities, among other avenues.

    As a result, it has an impact on the decision-making processes of standard-setters and


    regulatory agencies.

    To summarize, accounting research is beneficial and can make a difference in today's


    world because it provides new information, assists users in making effective use of the
    information, and keeps pace with the changing market conditions. This factor heavily
    influences the decision-making, assessment, and prediction processes of an organization.

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