Making the Most of International Accounting Firms

Educate yourself and your clients about global accounting changes with information from international accounting firms

Since the global marketplace is increasingly growing, many of the world's wealthiest nations have come together to create international accounting standards to improve the global financial system. Many international accounting firms are working to implement these standards with their clients so that all can benefit from having one international accounting standard that supports businesses worldwide.

It’s important that you not only educate yourself about these standards but also network with an international accounting firm to help your clients navigate the changing world financial system. Here are some additional things to consider about making the most of international accounting firms:

1. Network information globally with fellow members of an international accounting firm.

2. Get inside information about international standards and their uses by networking with an international accounting firm.

3. Network with an international accounting firm to learn information that can help offer benefits to your clients.

 

Share global accounting information by networking with international CPA firms

International accounting allows you to network with accountants in other parts of the world to share knowledge and information about things like the upcoming changes in global accounting standards along with training courses and other industry insights.
Try: Read the information provided by the American Accounting Association (AAAHQ) about its educational international accounting services, such as finding the locations of international accounting courses that they offer to members. Network with the accountants at Grant Thornton International, which is one of the top international accounting firms in the world, so that you can share information with 2,400 partners from 100 countries around the world.

Learn about international accounting standards

Knowledge is power, and this holds true for you as an accountant. According to news reports, the United States is planning to move toward making international accounting standards mandatory by 2016. This means that you need to move your business in that direction so that you can meet the needs of clients who have business interests overseas.
Try: Learn how the Financial Accounting Standards Board (FASB) is working with the International Accounting Standards Board (IASB) to create on international standard for accounting. Read the article from The New York Times about how the United States announced its plan to start using international accounting standards for some American companies. Become a member of the Alliott Group, which is an alliance that brings together professionals representing various international accounting jobs from around the world into one international accounting network, where they can share resource information to meet the needs of their clients.

Explain international accounting standards with your clients to help them build their businesses

Because companies of all sizes are branching out into the global marketplace, it's important that you explain International Financial Reporting Standards (IFRS) to your clients. Many international accounting companies understand that in order to be successful, clients need to be educated about international accounting standards.
Try: Read the article about how it's important for you as an international CPA to discuss international standards with clients at The American Institute of Certified Public Accountants. This website also offers a FAQ for accountants to share with their clients to help them understand international accounting standards. Read about how to become a member of IGAF Worldwide, which is one of the global accounting firms that brings together industry professionals and clients so that all can benefit from their international accounting services and resources.

 

• Take an international accounting course to prepare yourself to help your clients learn everything that they need to know about international accounting standards.

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