IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2013i3p29-34.html
   My bibliography  Save this article

Scientific Grounds for Brand New Institutional Accounting Theory

Author

Listed:
  • Valeriy Zhuk

    (National Academy of Agrarian Sciences of Ukraine)

Abstract

In up-to-date economics the accountant's significance is increasing. Accountancy overweighs other economic specializations in terms of both quantity and quality (by functional duties). The International Federation of Accountants, its national unions and International Accounting Standards Board are extending their influence on global economy development. In modern science the majority of economic problem research start from financial reporting, its impact on ensuring confidence, safety and controllability in social-and-economic space. However, the classic theories are not prepared for such enhancement of accounting importance and mission. They do not provide fundamental guidelines for efficient adoption of the International Financial Reporting Standards, job development standards and others (the latter has been illustrated by way of Ukraine and other CIS countries examples). In present day world accounting has become a significant social-and-business institution and its development in this capacity requires a brand new theory. The height of the u-to-date economic thought is the institutional theory. It has given the world several Nobel Prize winners and it is used effectively in social-and-economic policy of some flourishing countries. Institutional influence can be also found in contemporary accounting research studies. The new paradigm and theory objective is development of scientific base so that accounting can reach the level of significant social-and-economic institution, which would ensure confidence, understanding and controllability within national and global perspectives. The institutional theory has its aim in content and mission revision, function and subject specification, accounting objects extension and considering professional accountants institution as the principle element of accounting institution. The necessity of policy for adaptation of novations and innovations in reporting to national institualization environment specifics, usage of 'accounting engineering' and 'accounting imperialism' for more efficient development of accounting institution have been grounded. Notably, for readers awareness, the monograph of the 'Basics of Institualization Theory of Accounting' has been published and is available in the Russian language in Ukraine and the Russian Federation.

Suggested Citation

  • Valeriy Zhuk, 2013. "Scientific Grounds for Brand New Institutional Accounting Theory," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 29-34, September.
    • Handle: RePEc:iaf:journl:y:2013:i:3:p:29-34
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/83-naukove-ob-runtuvannya-potrebi-u-noviy-institucionalniy-teorii-buhgalterskogo-obliku.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/83/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inna Herasymovych, 2017. "Mechanisms and Tools of Accounting and Financial Engineering in Enterprise Management," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 25-32, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Jongwook & Mahoney, Joseph T., 2008. "A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach," Working Papers 08-0108, University of Illinois at Urbana-Champaign, College of Business.
    2. Klaus Mittenzwei & David S. Bullock & Klaus Salhofer, 2012. "Towards a theory of policy timing," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(4), pages 583-596, October.
    3. Samuel Garrido, 2010. "Mejorar y quedarse. La cesión de tierra a rentas por debajo del equilibrio en la Valencia del siglo XIX," Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria 1009, Sociedad de Estudios de Historia Agraria.
    4. Ghebru, Hosaena, 2015. "Is There a Merit to the Continuum Tenure Approach? A Case of Demand for Land Rights Formulation in Rural Mozambique," 2015 Conference, August 9-14, 2015, Milan, Italy 211683, International Association of Agricultural Economists.
    5. Kenneth Koford, 1991. "Why the Ex-Communist Countries Should Take the 'Middle Way' to the Market," Economics Working Paper Archive wp_54, Levy Economics Institute.
    6. Elias Khalil, 2001. "The context problematic, behavioral economics and the transactional view: an introduction to 'John Dewey and economic theory'," Journal of Economic Methodology, Taylor & Francis Journals, vol. 10(2), pages 107-130.
    7. Chakrabarty, Subrata, 2009. "The influence of national culture and institutional voids on family ownership of large firms: A country level empirical study," Journal of International Management, Elsevier, vol. 15(1), pages 32-45, March.
    8. Cavalcanti, Carlos, 2007. "Reducing the transaction costs of development assistance Ghana's multi-donor budget support (MDBS) experience from 2003 to 2007," Policy Research Working Paper Series 4409, The World Bank.
    9. Wang, Sen & Bogle, Tim & van Kooten, G. Cornelis, 2012. "Forestry and the New Institutional Economics," Working Papers 130818, University of Victoria, Resource Economics and Policy.
    10. Clague, Christopher & Keefer, Philip & Knack, Stephen & Olson, Mancur, 1996. "Property and Contract Rights in Autocracies and Democracies," Journal of Economic Growth, Springer, vol. 1(2), pages 243-276, June.
    11. Itai Sened & William H. Riker, 1996. "Common Property and Private Property: The Case of Air Slots," Journal of Theoretical Politics, , vol. 8(4), pages 427-447, October.
    12. Elinor Ostrom, 2014. "Do institutions for collective action evolve?," Journal of Bioeconomics, Springer, vol. 16(1), pages 3-30, April.
    13. Laura Sour, 2004. "An Economic Model of Tax Compliance with Individual Morality and Group Conformity," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 43-61, January-J.
    14. Alessi Louis De, 1998. "Reflections on Coase, Cost, and Efficiency," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(1), pages 5-26, March.
    15. Roger R. Betancourt, 1991. "The New Institutional Economics and the Study of the Cuban Economy," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 1.
    16. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    17. Hyung Jun Park & Richard C. Feiock, 2006. "Institutional Collective Action, Social Capital and Regional Development Partnership," International Review of Public Administration, Taylor & Francis Journals, vol. 11(2), pages 57-69, January.
    18. Loft, Lasse & Mann, Carsten & Hansjürgens, Bernd, 2015. "Challenges in ecosystem services governance: Multi-levels, multi-actors, multi-rationalities," Ecosystem Services, Elsevier, vol. 16(C), pages 150-157.
    19. Grainger, Corbett A. & Costello, Christopher J., 2014. "Capitalizing property rights insecurity in natural resource assets," Journal of Environmental Economics and Management, Elsevier, vol. 67(2), pages 224-240.
    20. Luca Eufemia & Michelle Bonatti & Stefan Sieber & Barbara Schröter & Marcos A. Lana, 2020. "Mechanisms of Weak Governance in Grasslands and Wetlands of South America," Sustainability, MDPI, vol. 12(17), pages 1-23, September.

    More about this item

    Keywords

    institualization paradigm and accounting theory; social-and-economic space; accounting institution; institution of professional accountants;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2013:i:3:p:29-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.