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Towards a General Theory of Financial Control for Organisations

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  • Östman, Lars

    (Dept. of Business Administration, Stockholm School of Economics)

Abstract

In this paper, a theory of accounting, control and accounting-related areas is outlined.It is based on a number of previous research-oriented books published over several decades and the author´s specific own experiences from internal and external processes with organisations in focus.Consistency and integrative power of the ideas have been tested in relation to certain books in various fields outside the core of the subject:theatre,sociology, applied systems theory,economic history, institutional theory and economics.The general approach can be described in simple terms as follows.There are global value chains, from resources to output that are in use.These chains change with time.Uncertainty and unpredictability prevail for the present state and for possible changes; to some extent it is possible to estimate risks of the future. At any moment, each organisation has taken some limited position on a chain.Each organisation has a hierarchy which lies above operations. Over time, chains, organisations, hierarchies, output and personal functions vary. According to the approach, insights into control problems for every organisation and system can be gained by analysing relationships between global value chains and a hierarchy of one or several organisations.Time is crucial.

Suggested Citation

  • Östman, Lars, 2009. "Towards a General Theory of Financial Control for Organisations," SSE/EFI Working Paper Series in Business Administration 2009:9, Stockholm School of Economics.
    • Handle: RePEc:hhb:hastba:2009_009
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    References listed on IDEAS

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    1. Beattie, Vivien, 2005. "Moving the financial accounting research front forward: the UK contribution," The British Accounting Review, Elsevier, vol. 37(1), pages 85-114.
    2. Robert L. Joss, 2001. "Management," Australian Journal of Management, Australian School of Business, vol. 26(1_suppl), pages 89-103, August.
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