Why have some financial intermediaries retained a mutual structure Essay

Why have some financial intermediaries retained a mutual structure while others have converted to investorowned companies (500words) - Essay Example Knowledge and understanding of how others conduct business is an incredible advantage toward the understanding of global management accountancy situations. For example, where the deal is always the single most important consideration to Americans, the details and the way those details are ironed out would be more important for Europeans and Asians. This is where cultures clash in the board room. Something many who are experienced in global management accountancy would state unequivocally. (Brett, 2003) In the context of investor owned companies, it can be stated that in the eyes of many from the northern states in the US this is the preferred method for management accountancy and enforcing a series of set standards toward labor and economics in the world. A businessperson's largest asset would have to be the support gained by his or her employees or employers depending upon the infrastructure in the company. The south would have a different viewpoint, in that centralization tends to favor one body in place of more than that. Understanding global economics from a managerial perspective requires an understanding primarily of accountancy and economics. Secondly, we must understand how our accountancy and economics associates in a global landscape and finally, how cultures and accountancy coincide or clash depending upon the situation.