Name: NIÑA SHRINE A.

PECASALES
BSA - 2nd YEAR LEVEL (second sem)
The Contemporary World
[ 1015 AS212_TCW-KXa ]

FORUM #1

LEARNING TASK 2 - STUDY GUIDE 2

FORUM #1
Instructions:
1. Briefly answer the following questions:
a. What is your understanding of the role of globalization in the creation of
products or giving access to services?
- Knowing the ideas about globalization, it is a process of integrating a
country's economy with the economies of other countries in a free
flow of trade, capital, and people across borders. In the development
of products or the provision of services, globalization has a big impact
on businesses in many different ways. Giving access to new cultures
and new markets is one thing that globalization can make, adopting
the cultures from a different country is a way for anyone who wants to
belong with the trend. Because no one wants to be left behind, every
country has been challenged to be among those that can adapt and
sustain such advances. Along with these changes comes an
improvement in our lifestyle, a shift in our preferences and
requirements, an increase in commodity and other pricing, and an
increase in our financial income. However, not all changes are
necessary for everyone because they may have unintended
consequences for others. Since we are experiencing left and right
development, advancement, discoveries, as well as other changes as a
result of globalization, which our society has experienced.

b. How can you connect the Global Economy to your course of choice?
- In relation to the global economy to my course, accounting is also an
essential ingredient in a global economy. A modern government
requires a different attitude, one that recognizes that managing
public assets may create cash that can be used to pay for services.
 Nowadays, we rely on engineers and technology in constructing new
modern things and buildings. And w need accountants who use
current accounting technologies to build strong public finances. This
will help today's societies while easing the load on future generations.

c. What do you think is the connection of Globalization to your chosen

profession?
- As an accountancy student who aims to be a certified, public
accountant, who contributes to the development of a sustainable
competitive edge in order for people to have more money and
wealth, as well as to generate more prosperity and opportunities. As
with employing personnel from different nations, selling the products
or services to an entirely new audience presents complications for
businesses. Businesses must adapt their marketing methods and
updated accounting systems in order to communicate the benefits of
their product to a foreign audience.