by Tamara Ayrapetova, on Sep 15, 2016 3:51:32 PM
Accounting and its regulative frameworks require as broad a perspective and as suitable a contextualization as other areas of business studies.
Accounting is often perceived as a very technical field characterized by a cryptic language and dominated by jargon outside the business studies. This is also true for the large majority of scholars, creating a perception promoted in business schools and among professionals that accounting is a subject area in which terminology and techniques are semantically transparent and typified as mechanistic in nature. However, this rather instrumental view of the subject area reveals a simplistic view of the business enterprise as whole. Accounting and its regulative frameworks require a broader perspective and more suitable contextualizations than other areas of business studies.
In this respect, culture as a constitutive and inescapable dimension of human endeavours and enterprises has recently come to the attention of scholars even in this field; and management practices connected to it have been revealed to have a rich and complex synergy where many elements previously taken for granted are not so obvious any more.
The aim of this talk was to give an overview and explore how accounting is related to culture and how the interplay among the different cultural factors may play a key role in defining and structuring financial and accounting frameworks. The link between one of the most known cross-cultural models developed by Geert Hofstede (1980) and accounting was examined, to help understand how the narrow and simplistic view of it could be finally discarded and rejected.
Author: Sherrihan Radi
Date: 15th of January, 2016
Major/Field: Financial Accounting, Culture
Type: Faculty Research Seminar
Keywords: International Accounting Standards (IAS), International Financial Reporting Standards (IFRS),
