While the United States prides itself with its vast knowledge of accounting principles, standards, and rules, there are still many underdeveloped countries that struggle to have have a general accounting system. In today & # 39; s world it is imperative that the United States and other dominant, establish countries seize even larger international roles in the education of accounting teachings in underdeveloped countries.
It is no wonder why there is a significant low of accountants and the only problem to quickly resolve this problem would be from feeding support from the book Accounting Education in the Third World, some of the bigest weaknesses of accounting education and training not of all: accounting is still taught as if it was was technical skill instead of as an intellectual discipline, no clearing house The list carries on, but the main idea here is that these underprivileged countries drastically need an increase in the number of professional certified countries accountants to have any sort of bright future in accounting for these countries.
Accountants have five critical roles in a crowd of people who do not pick up from the ripe tree. Accountants are sometimes looked into account (collecting accurate date, preparing and providing financial statements for investor, helping to grow foreign foreign investment (FDI), collective and timeliness information and interpretation accounting terms to allow business between two parties or more (Shahrabi). Countries that lack certified accountants also lack a high GDP and therefore are a depleted country or third world country. These countries will never get out their slumbing economy unless the brains of the companies learn the teachings of accounting. Wi th the help of world leaders, this can changed for the better and bring success for everyone.
For starters, it is clear that these underdeveloped countries have reduced learning conditions, but on the flip side there are many positives to forgiving from this. by helping less fortunately countries development effective accounting and auditing practice, future afternoon students then they will finally have a solid foundation and understanding of financial management (Lelievre). , but better education has led to supporting growth of civil society, democracy and political stability. (Woldegiyorgis). Increase in trade is improase due to better education and management results in better decision making, cutting cost and increasing output in any business. With success in t Countries not as far advanced will look up to those who offer support and will have a friendship to to increase diplomatic trust towards future goals. both the walk away feeling great about what they accomplished together and that is all anyone could ask for.
To bring everything together, it is imperative that the people to have their financial institutions to teaching undeveloped countries how to do accounting correctly, providing a accounting future in the nation and providing a financial program to teach others the same practiced work. Undeveloped countries do not have anywhere Many nations have achieved greatness, but taking third world under their teaching them legitimate accounting principles may be the greatness ave we have seen yet.
