Management Accountants Understanding of Cultural Differences

Abstract

In the era of globalization, many management account ants, employed by multinational companies, have to man age worldwide operations spanning different countries. Accounting information prepared and applied in such circumstances thus involves diverse stakeholders who have different cultural backgrounds. Some managers assume, based on their recognition of cultural differences, that accounting information prepared under the influence of a certain culture might be less accurate, ordelivered with a lesser commitment to deadline,than corresponding information prepared in more advanced countries.