How does a study of popular culture help researchers understand how Essay

How does a study of popular finishing help researchers understand how financial reporting information is valued by society - Essay practice sessionFinancial reports are then prepared to mirror the popular culture that receives in monetary terms. Thus, ideally these reports should replicate the popular culture and should tell if that suits the well being of a country or not. little theory encompasses the idea of popular culture. It involves the examination and analysis of a society and its culture. Recently, Geert Hofstedes cultural dimensions live been use to describe national or, better put, popular cultures. Hofstedes ideas are based on a large scale research project to bridge cultural differences globally and to come up with a global popular culture It uses data obtained from sixty-four countries. These studies identify five dimensions. These dimensions can be used to analyze how similar or different countries are. Based on these, their financial reports should mirror the pop ular trends that prevail and should compare the financial status of the countries in a considerable time period. The first dimension is of index number distance, second one being individualism, third masculinity, fourth uncertainty avoidance and last one being long term orientation( Hofstede, Geert). Power distance index is used to measure the degree to which authority is distributed crookedly within an association or an institution (and even in families). It also implies that a societys degree of disparity is authorized by the supporters as much as by the leaders. The analysis of office distance shows significant differences amongst countries, Germany has a power distance index of 35 while Arab countries have a power index of 80. The second dimension of assessing the popular culture according to Hofstede is individualism. In this, it is compared whether the citizens prefer to smack after themselves only, i.e. if they prefer individualism or if they prefer collectivism and like t o help others. On the laissez-faire(a) side, we find societies in which the ties between individuals are loose. Everyone takes care of himself