International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 3 (May-June 2025) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.
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Volume 7 Issue 3
May-June 2025

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An Overview of Contemporary Challenges in Accounting and Financial Reporting

Author(s) Dr. Sanjay Kamble
Country India
Abstract Over the past 20 years, accounting has undergone steady change, with each new development and addition making it even better and more difficult while yet offering users convenience and satisfaction. After undergoing progressive modifications over the years, modern accounting has reached its current state by keeping up with rapidly changing economic conditions, environmental issues, and technology inventions. Accounting has become more user-friendly and convenient due to the steady transition from manual procedures to computerized alternatives. The recent shift in accounting toward speedier technology has greatly expanded its ability to assist customers and is anticipated to make it more affordable, time-efficient, and simply accessible. Financial reporting is a critical component of corporate governance and economic decision-making. However, in the contemporary business environment, various challenges impact the accuracy, transparency, and reliability of financial statements. This paper explores key issues such as globalization, regulatory compliance, technological advancements, ethical concerns, and sustainability reporting. Addressing these challenges is crucial for enhancing the credibility and relevance of financial reporting in the modern economy. The current paper provides a quick introduction and examines some of the current accounting challenges.
Published In Conference / Special Issue (Volume 7 | Issue 3) - Two Day International Conference on Commerce & Economics (ICCE-2025) (May 2025)
Published On 2025-05-10
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E-ISSN 2582-2160
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