Structural Changes in Role of Accounting in Modern Business Arena for Sustainable Development

• Published in: Journal of internet banking and commerce : JIBC 2016-08, Vol.21 (2), p.1
• Main Authors: Raju, K Kanaka, Rao, P Hanumantha
• Format: Article
• Language: English
• Subjects: Accounting; Auditing standards; Corruption; Costs; Economic development; Financial reporting; Independent variables; International finance; Investments; Studies; Sustainable development; Transparency
• ISSN: 1204-5357; 1204-5357

The focus of the role of accountant in developing of a sustainable development and also know the percentage of variation in high quality reporting as well as in international flow of financial resources through the different independent variables along with suitable suggestions to strengthen the role of accountant in developing the nation. The data collected from the 150 respondents. The 27.3 percent of variation in high quality reporting was explained by improves of the transparency, reduce the corruption and mismanagement of resources. 69.1 percent of variation in international flow of financial resources was explained by the taking advantage of international market opportunities promotes financial stability, strengthens international competitiveness of enterprises, foster the investor confidence and create a sound investment environment and also this study observed that the taking advantage of international market opportunities was the more favourable response towards the international flows of financial resources, followed by the other variables and also stated that there was a significant difference between the dependent to the independent variables. It is suggested that the education of accounting shall be connected to the economic development try to originate the originality of the current region and also develop a positive agenda for change, help to the police makers and identified the accounting, auditing and governance issues.