Write a description on how you expect globalization to affect an accounting care

Question

Write a description on how you expect globalization to affect an accounting career and your investment strategy. Some questions to consider include but are not limited to:

Will you invest your 401K (or other savings plan) in foreign stocks or bonds? Can your job be easily outsourced to another country? Can you benefit from globalization by being able to export your skill? What is the effect of immigration on your career? How does immigration affect the level of wages in your career field? Which is more likely to affect your career, globalization or changes in technology?

Each student will discuss the importance and impact of incorporating international financial concepts into the financial planning process. Some critical questions to address would include (but not be limited to) the following: What would be the impact on portfolio risk and return of incorporating an international component in the asset allocation decision? How will exchange rates impact the overall risk of the portfolio? What potential impact could international political risk play in the overall personal financial planning process?

Explanation / Answer

Answer : Now time is Globalization, You can not be try to save from Globalization. This is an oppurtnity to prove your self to the world. You should face Globalization. If some minus points or difficulty in the globalization, So there are many oppurtunity in this process. This time we identify that oppurtunity and take benfit of that.

As we take exapmle of Investment, If any foriegn govt or foriegn company give return more than our country, we should accept this oppurtunity provided that the country will be politically sabled, That country policy should be liberal about foriegn Investment.Currency should be stable. So many country need capital in huge amount. It is possible to find the abovecountry with above character. So, If we find any oppurtunity to get more return from our country with a stable country we would like to invest in the foreign stock or bond of that company.

In the time of globalization, It might be possible my job outsourced to another country but If i have skill I will export my skill to another country. I defeintly get benefit from globalization because I have confidence on my skill and edcuation. This is not an issue that immegration affect my carrer. I know every thing about accounting practice, commercial and tax laws of my company. A person who come abroad, he will take time to learn about my country system. But I am the part of my country system. So, Never immegration and technology take my space. I will be take more benefit from globalization.

Answer 2 In International financial planning process, we should consider,

(a) Foreign investment policy of the country,

(b) Political stability of the country

(c) currency flucatation rate

(d) Political view of main political parties on foreign investments.

(e) monetary policy

If a forigen govt taken a balanced or favourable view on above issue and all other major political party have balanced or favorable view on Foreign investment and give good return with stable currency , we should be invest in that country. We should be consider investment in that country in overall financial planning process.

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