Multinationality:The Financial Accounting Implications

This pa per fo cuses on the fi nancial ac counting chal lenges posed by the rap idly burgeoning global fi nancial mar kets. Two chal lenges are ex amined. (1) meas uring the economics of many com plex trans actions made pos sible by global ized fi nancial mar - kets, and (2) cre ating a mini mum core of glob ally ac cepted ac counting stan dards for firms in the global mar ketplace. On both…