Practice-induced theory reduction in accounting; evolutionary biology, history and the interdisciplinary base

Aiken, M and Gowland, D 2010, 'Practice-induced theory reduction in accounting; evolutionary biology, history and the interdisciplinary base', International Journal of Critical Accounting, vol. 2, no. 2, pp. 117-145.


Document type: Journal Article
Collection: Journal Articles

Title Practice-induced theory reduction in accounting; evolutionary biology, history and the interdisciplinary base
Author(s) Aiken, M
Gowland, D
Year 2010
Journal name International Journal of Critical Accounting
Volume number 2
Issue number 2
Start page 117
End page 145
Total pages 29
Publisher Inderscience Publishers
Abstract This article induces the pragmatic structure of what financial reporting can be ¿ it does not deduce what financial reporting should be. Empirical studies can show that opportunism is not a feature generally of financial accounting in practice, but challenges exist in the post-Enron era. One task is to explain the nature of macro evolutionary hypotheses of practice underlying international accounting standardisation for firms as whole entities. These hypotheses are to be applied within an interdisciplinary theoretical structure of financial accounting. The focus of financial accounting research is applied to a philosophical framework of accountability and standardisation of measurement. Interdisciplinary aspects of management accountability can promote identification of the 'common good' undefined (Dewey, 1922) for the firm, towards which periodic invested costs are directed for the induction of periodic gain. Non traditional additions of economic values in balance sheets remains subjective for practice in this sense, leading consequently to community uncertainty, chaos and ultimately to uncertainty.
Subject Accounting Theory and Standards
Keyword(s) cognate disciplines
evolutionary biology
financial reporting
induction of practice
interdependence
interdisciplinary
interfiled
naturalism
objectivity
theoretical reduction
history
critical accounting
international accounting standards
financial accounting
management accountability.
DOI - identifier 10.1504/IJCA.2010.031385
Copyright notice © 2010 Inderscience Enterprises Ltd.
ISSN 1757-9848
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Created: Wed, 17 Nov 2010, 16:09:00 EST by Catalyst Administrator
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