Purpose – As one of the co-authors of the first academic research papers published in a major accounting research journal on the subject of the balanced scorecard, the author was asked to reflect on his experiences with research in this area over the last 12 years since that first paper was published. The purpose of this paper is to do this through personal reflection and a literature revi…
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…