Scientific Grounds for Brand New Institutional Accounting Theory
In up-to-date economics the accountant's significance is increasing. Accountancy overweighs other economic specializations in terms of both quantity and quality (by functional duties). The International Federation of Accountants, its national unions and International Accounting Standards Board are extending their influence on global economy development. In modern science the majority of economic problem research start from financial reporting, its impact on ensuring confidence, safety and controllability in social-and-economic space. However, the classic theories are not prepared for such enhancement of accounting importance and mission. They do not provide fundamental guidelines for efficient adoption of the International Financial Reporting Standards, job development standards and others (the latter has been illustrated by way of Ukraine and other CIS countries examples). In present day world accounting has become a significant social-and-business institution and its development in this capacity requires a brand new theory. The height of the u-to-date economic thought is the institutional theory. It has given the world several Nobel Prize winners and it is used effectively in social-and-economic policy of some flourishing countries. Institutional influence can be also found in contemporary accounting research studies. The new paradigm and theory objective is development of scientific base so that accounting can reach the level of significant social-and-economic institution, which would ensure confidence, understanding and controllability within national and global perspectives. The institutional theory has its aim in content and mission revision, function and subject specification, accounting objects extension and considering professional accountants institution as the principle element of accounting institution. The necessity of policy for adaptation of novations and innovations in reporting to national institualization environment specifics, usage of 'accounting engineering' and 'accounting imperialism' for more efficient development of accounting institution have been grounded. Notably, for readers awareness, the monograph of the 'Basics of Institualization Theory of Accounting' has been published and is available in the Russian language in Ukraine and the Russian Federation.
Volume (Year): (2013)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: |
Web page: http://www.iaf.kiev.ua/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2013:i:3:p:29-34. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Serhiy Ostapchuk)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.