Accounting and the welfare state: The missing link

Oehr, Tim-Frederik; Zimmermann, Jochen

doi:10.1016/j.cpa.2011.11.010

Cited by 7 publications

(4 citation statements)

References 89 publications

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“…'s () framework. The framework has been used to analyse accounting professions in the Czech Republic and China (Seal et al ., ; Hao, ; Yee, ), accounting regulation in Indonesia, Malaysia, the Philippines, Singapore and Thailand (Saudagaran and Diga, ), and the effects of convergence with supranational and international accounting regulations (Suddaby et al ., ; Oehr and Zimmermann, ). In these cases, governments were found to exercise a high degree of control over the accounting profession in their respective jurisdictions.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

From totalitarianism to capitalism – the case of IFRS adoption in Vietnam

Nguyen

Rahman

2019

Accounting & Finance

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We investigate the strategic process of contextualisation of International Financial Reporting Standards (IFRS) in an economy transitioning from totalitarianism to capitalism -Vietnampaying attention to tensions between actors involved in the process. This study employs the framework suggested by Puxty et al. to analyse the behaviour of actors of the State, Market, and Profession. We find that Market's needs trigger the IFRS contextualisation, which is institutionalised by the state. IFRS-oriented rules undergo 'reality tests' and are tailored to fit the local context. Despite active interactions between the actors, the dominant role of the State results in some tensions.

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Section: Theoretical Frameworkmentioning

confidence: 99%

From totalitarianism to capitalism – the case of IFRS adoption in Vietnam

Nguyen

Rahman

2019

Accounting & Finance

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“…Regulatory changes have resulted from a series of cross-border developments, which originated from a conjuncture of financial globalisation and a particular mix of international institutional configurations and capacities (Bhimani, 2008; Posner, 2010). Many national governments began to outsource (or privatise) the production of accounting norms to single private agencies (Bengtsson, 2011; Oehr and Zimmerman, 2012; Sunder, 2011), which have become very powerful. For instance, the IASB produces accounting norms that are used by all countries in the European Union, as well as Australia, Canada, Hong Kong, India, Japan, Russia, Singapore, South Africa, Taiwan, Turkey, and other countries.…”

Section: Popularity Of Fisher's Capital-income Theory In Mainstream A...mentioning

confidence: 99%

Prevalence of Fisher's theory in mainstream accounting and economic research

Cardao-Pito

2023

Accounting History

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Irving Fisher's capital-income theory uses the discounted cash-flow model to explain prices, markets, and capitalism. How did his theory get into ‘fair-value’ accounting standards given that his framework was discredited in the post-1929 crisis aftermath? This articleexplores one of the possible causes, namely, the popularity of Fisher's theory in mainstream accounting and economic research albeit its lack of supportive evidence and logical consistency. Nonetheless, its history of ideas is far from straightforward. Although ‘decision-usefulness’ researchers (who inform standard setters) currently endorse Fisher's theory, they have seldom engaged with Fisher's writings. Alongside them, capital-income theorists, normative-theorists and mainstream-economists have been advocating Fisher's theory with a taken-for-granted-knowledge status, which often fails to cite its heritage. Furthermore, although ‘decision-usefulness’ researchers have historically claimed opposition to normative theories, this opposition is deceptive. Fisher's theory is undeniably normative. It favours shareholders/owners over other stakeholders. Moreover, various normative-theorists have accepted Fisher's theory for valuation purposes.

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“…While Carlin (2005) notes that accrual accounting in the Australian public sector first occurred in 1913, the NPM reforms of the mid-1980s brought a widespread push for accrual accounting (Carnegie and West, 2005). The argument for accrual accounting was to increase accountability and performance disclosures (Potter, 2002), that is, to meet the need for better information (Oehr and Zimmerman, 2012). Carnegie and West (2005) note that such systems match costs and revenues.…”

Section: Concepts Underpinning Npm and Npgmentioning

confidence: 99%

“…As noted, under NPM, governments need information to assist them to manage public sector performance, as well as to discharge public accountability (Considine and Lewis, 2003;Pallot, 1998). Whereas, NPG seeks to also balance citizens' different interests (Oehr and Zimmerman, 2012), suggesting a wide variety of users will be called upon to be co-producers (Thomas, 2013). The contrast between NPM's focus on efficiency and NPG's on co-production and balancing users' needs, makes this a contested space that needs careful negotiation.…”

Section: Protecting Conserving and Transmitting (Passing On) Heritagementioning

confidence: 99%

Heritage reporting by the Australian public sector

Woon¹,

Chatterjee

Cordery³

2019

AAAJ

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Purpose The purpose of this paper is to contribute to the future development of heritage reporting in Australia. Public sector reporting of heritage has been a long-standing issue, due to shortcomings in (sector-neutral) for-profit-based financial reporting standards. Australia’s sector-neutral approach does not meet public sector users’ information needs. The authors develop a heritage reporting model to balance community and other stakeholders’ interests and address prior critiques. Design/methodology/approach The paper reviews heritage reporting requirements in Anglo-Western Countries, and analyses commentaries and research publications. It evaluates the existing reporting requirements in the context of new public management (which focusses on information and efficiency) and new public governance (NPG) (focussing on balancing interests and quality). Findings The paper proposes an NPG-based heritage reporting model which includes indicators of performance on the five UNESCO (1972) dimensions and operational guidelines issued by UNESCO (2015). These are identification, presentation, protection, conservation and transmission. The proposed model is consistent with the notion of US SFFAS 29 (the standard for Federal entities). Not all heritage must be capitalised and hence attachment of monetary value, but detailed disclosures are necessary. Research limitations/implications The authors expect the proposed heritage reporting model to better serve users of heritage information compared to the present Australian Accounting Standards Board 116: Property, Plant and Equipment. Originality/value The authors’ proposed model of heritage reporting attempts to answer Carnegie and Wolnizer’s (1995, 1999) six questions, addresses decades of concerns raised in previous literature and provides a new perspective to heritage reporting based on NPG that should better serve users’ needs.

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Accounting and the welfare state: The missing link

Abstract: Accounting and the Welfare-state: The Missing LinkTranState Working Papers No. 121 Sfb597 "Staatlichkeit im Wandel" − "Transformations of the State"Bremen, 2010 [ISSN 1861[ISSN -1176 Sfb 597 "Staatlichkeit im Wandel" -"Transformations of the State" (WP 121)

Cited by 7 publications

References 89 publications

From totalitarianism to capitalism – the case of IFRS adoption in Vietnam

From totalitarianism to capitalism – the case of IFRS adoption in Vietnam

Prevalence of Fisher's theory in mainstream accounting and economic research

Heritage reporting by the Australian public sector

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