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Is There a Feedback Mechanism in Accounting?

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  • Krzysztof Drachal

Abstract

The aim of this paper is to present some considerations about the (market) reality and the accounting. The considerations are some kind of a discussion, how accounting systems are linked by the feedback mechanism with managers. Various aspects of modern markets are presented. In particular, the role of globalization processes, increasing role of financial institutions and role of information are discussed. It is argued that the accounting becomes more interdisciplinary topic and some skills from new technologies become a must on modern markets. The discussion is illustrated by some particular examples. It is argued that there is a strong feedback mechanism between managers and accounting information systems.

Suggested Citation

  • Krzysztof Drachal, 2014. "Is There a Feedback Mechanism in Accounting?," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2014(1), pages 85-95.
    • Handle: RePEc:prg:jnlefa:v:2014:y:2014:i:1:id:116
    DOI: 10.18267/j.efaj.116
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    References listed on IDEAS

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    More about this item

    Keywords

    Accounting information system; Accounting standards; Creative accounting; Information in accounting; Objectivity in accounting;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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