On the convergence of management accounting and financial accounting – the role of information technology in accounting change

Taipaleenmäki, Jani; Ikäheimo, Seppo

doi:10.1016/j.accinf.2013.09.003

Cited by 125 publications

(106 citation statements)

References 80 publications

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“…Banks are also very much affected by the introduction of IFRS and new IT solutions. As mentioned, both of these trends have the potential to affect integration efforts (see for example Ewert and Wagenhofer 2007;Taipaleenmäki and Ikäheimo 2013). discussion and analysis of the relationship between financial accounting and management control. However, we would like to stress that these research areas are vast and that our ambition has not been to cover them in any detail.…”

Section: A Note On Methodological Considerationsmentioning

confidence: 99%

“…In the 1990s the level of convergence starts to increase as a result of a rapid development of new and advanced information technology affecting the design and use of information systems in a profound way (Taipaleenmäki and Ikäheimo 2013). Integrated Enterprise Systems were introduced with the aim of creating an integrated planning and follow-up system for large companies (Rom and Rohde 2007).…”

Section: F)mentioning

confidence: 99%

“…2, the evidence for such a statement, as mentioned, is often anecdotal or explorative in character. At the same time there are some recent efforts to conceptualize the tensions and conflicts, such as the paper by Taipaleenmäki and Ikäheimo (2013). Based on a literature review, the authors' own experience and informal discussion with several CFOs, they develop a framework that can be used to analyse the convergence of financial accounting and management accounting and the role of IT in that process.…”

Section: F)mentioning

confidence: 99%

“…Many researchers and practitioners call for their integration (e.g. Bhimani and Soonawalla 2005;Taipaleenmäki and Ikäheimo 2013); however, we need to know much more about how they are actually related and to what extent the conflicting objectives of these two information systems can be reconciled.…”

Section: Introductionmentioning

confidence: 99%

“…However, this does not mean that no published research has been done. A notable and recent example is a conceptual paper by Taipaleenmäki and Ikäheimo (2013) discussing information technology and how it affects the convergence of financial accounting and management accounting. More examples of studies are presented in the following chapters.…”

Section: Introductionmentioning

confidence: 99%

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Financial Accounting and Management Control

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Section: A Note On Methodological Considerationsmentioning

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Section: F)mentioning

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Section: F)mentioning

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Section: Introductionmentioning

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The impact of the Sarbanes–Oxley Act on the integrity of financial reporting: Was it meritorious?

Bajra

Aliu

Krasniqi

et al. 2023

J Corp Accounting Finance

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This study investigates whether compliance with the Sarbanes–Oxley Act of 2002 (SOX) sections 302 (financial reporting) and 404 (internal controls) enhances both corporate governance and financial reporting integrity (FRI). It is focused on EU publicly traded companies that are cross‐listed in the US markets. Using a novel approach with respect to operationalization of the SOX, the empirical research integrated into this paper advances the understanding of financial reporting integrity for both practitioners and policymakers. The study argues that financial reporting integrity increased after SOX entered into force but, notably, we find that financial statement assertions improve with compliance with SOX302 but not with SOX404. Examination of the latter relationship at the subsection level also reveals that compliance with certain SOX requirements is not satisfactory.

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Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

Varma,

Mancini,

Kaushik

2024

Journal of Public Affairs

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Sustainability reporting requires consistency and interdependency of financial accounting and managerial accounting. Accounting is closely entangled with the eco control (EC) in organisations. The quality of (sustainability) reporting and the disclosures is only as good as the quality and consistency of accounting data captured. Therefore, accounting choices and practises have an important role to play in sustainability reporting. This study explores the mechanism through which accounting informs EC. Through the independent and serial use of two levers, first ‘interdependency’ between financial accounting and management accounting and second, though the use of ‘digitalized information’ as a moderating variable, it is probed as to how EC are shaped. An empirical investigation is undertaken by carefully curating primary data, analysed through partial least squares structural equation modelling technique to inform broader debates in the ‘sustainability reporting’ literature concerning the mechanisms through which EC, are influenced by accounting mechanics, choices and disclosures. Sound EC contributes to sustainability accounting and governance to meet needs of the firms direct and indirect stakeholders without comprising the firm's ability to meet the needs of future stakeholders. The study established that the interdependency between the financial accountants and the management accountants output, mediates the effect of a consistent financial language on EC practises and this effect is independent of the firm size or the industry category. This article brings to the fore, the interplay of FA and MA in informing the environmental controls. The under researched perspective addressed by this study is that EC are highly interdependent with the consistency and comprehensiveness of accounting that informs it which in turn is effected by the cooperation and coordination (interdependency) between FA and MA information providers.

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On the convergence of management accounting and financial accounting – the role of information technology in accounting change

Cited by 125 publications

References 80 publications

Financial Accounting and Management Control

Financial Accounting and Management Control

The impact of the Sarbanes–Oxley Act on the integrity of financial reporting: Was it meritorious?

Sustainability reporting: How consistency and interdependence in financial and managerial accounting enhance eco‐controls

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