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Framing financial responsibility: An analysis of the limitations of accounting

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  • Bay, Charlotta

Abstract

In organisations, accounting—understood broadly as calculative practices—is claimed to serve as a critical vehicle when introducing forms of individual financial responsibility. Whereas most prior accounting research has been preoccupied with asserting this claim, this paper opens an opportunity to examine the limitations of accounting as a technology of responsibilisation. It does so by moving the empirical focus beyond the borders of people's work settings and into the private sphere of everyday life, investigating governmental efforts to turn high school students into financially responsible citizens. The analysis, informed by framing theory, reveals that the efficiency of accounting is conditioned by people's calculative understanding. Hence, in situations where individuals are expected to lack this basic calculative competency, accounting is presumed to be inappropriate as a means of introducing financial responsibility. This has implications for re-considering how the relation between accounting and responsibility is constituted.

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  • Bay, Charlotta, 2011. "Framing financial responsibility: An analysis of the limitations of accounting," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 22(6), pages 593-607.
  • Handle: RePEc:eee:crpeac:v:22:y:2011:i:6:p:593-607
    DOI: 10.1016/j.cpa.2011.03.001
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    5. Eelco van Wijk & Peter Mascini, 2022. "The responsibilization of entrepreneurs in legalized local prostitution in the Netherlands," Regulation & Governance, John Wiley & Sons, vol. 16(3), pages 875-891, July.
    6. Andrea Dello Sbarba & Riccardo Giannetti & Alessandro Marelli, 2020. "Private equity firms and management control: the framing of shareholder-oriented practices," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(4), pages 953-987, December.
    7. Bujaki, Merridee L. & Gaudet, Stéphanie & Iuliano, Rosa M., 2017. "Governmentality and identity construction through 50 years of personal income tax returns: The case of an immigrant couple in Canada," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 46(C), pages 54-74.
    8. Yang, ChunLei & Modell, Sven, 2015. "Shareholder orientation and the framing of management control practices: A field study in a Chinese state-owned enterprise," Accounting, Organizations and Society, Elsevier, vol. 45(C), pages 1-23.
    9. Amari Mouna & Jarboui Anis & David McMillan, 2015. "The factors forming investor’s failure: Is financial literacy a matter? Viewing test by cognitive mapping technique," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1057923-105, December.
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    13. Cooper, Christine, 2015. "Accounting for the fictitious: A Marxist contribution to understanding accounting's roles in the financial crisis," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 30(C), pages 63-82.
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