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Accounting Theory - Essay Example

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It pays attention to the function of accounting in maintaining the privileged positions of those who have capital and neglecting the…
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Accounting Theory
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"Accounting Theory"

Download file to see previous pages Critical theorist says that disclosing social responsibility information could be a waste if not accompanied by major changes in how the society is structured.
A critical perspective on accounting is focused on providing a medium for the increasing number of accounting practitioners and researchers who understands that the traditional practices and theories are not suitable for the problems arising in the current environment. Critical accounting research scrutinizes how individuals react to the different accounting disclosures. Critical perspective can be described as a research that focuses on the function of accounting in maintaining the advantaged positions of those in authority and undermining the authority of those with no capital. Critical perspective emphasizes on questioning whether certain approaches of accounting should be applied. Some accounting studies have actively advocated for the critical theory of accounting. The strongest known advocates have been Richard Laughlin and Jane Broadbent. In this theory, accounting is viewed as a social science as it demonstrates a more critically oriented method. Critical accounting theory acknowledges the human aspect instead of claiming the intellectual status. Critical perspectives of accounting take a broad variety of stances from highly conventional to extremely radical with an aim of improving the accounting practices. This theory also makes the accountants understand more on social, economic and political impacts of their practice. A critical perspective of accounting is said to be cultural conscious and aware of the significance of the history. Languages are made in the societies, and the effect of culture is vital to understanding a language. With this understanding, there is a realization that societies are regulated by conventions and rules. Therefore, it is important to find out how individuals interpret conventions and rules (Broadbent & ...Download file to see next pagesRead More
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