THE IMPACT OF INTERNATIONAL ACCOUNTING FOR GLOBAL ECONOMIC UNCERTAINTY
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- NGN 3000
ABSTRACT
This study investigates THE IMPACT OF INTERNATIONAL ACCOUNTING FOR GLOBAL ECONOMIC UNCERTAINTY, focusing on understanding the challenges posed by economic volatility, assessing the effectiveness of current accounting practices, and proposing adaptive strategies. A survey methodology was adopted to collect data from a large sample of accounting professionals. Using Taro Yamane's formula, the sample size was calculated to be 400 accountants from Abuja, ensuring representativeness. Abuja was selected for its diverse economic activities. The reliability coefficient score of the survey instrument was 0.87. Findings suggest that global economic uncertainty significantly impacts accounting practices, necessitating adaptive strategies and continuous updates to standards. The study recommends enhancing the flexibility of international accounting standards and providing ongoing professional development to help accountants manage economic volatility.
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