Functions of accounting — a discussion

Mellemvik, Frode; Monsen, Norvald Nytræ; Olson, Olov

doi:10.1016/0956-5221(88)90003-6

Cited by 69 publications

(48 citation statements)

References 32 publications

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Section: Financial Reporting -Objectives and User Needsmentioning

confidence: 99%

“…that the accounts should provide information about how effectively and efficiently management has discharged its responsibilities to use and manage the entity's existing resources, sometimes referred to as control or stewardship objective; and 2) decision-making, i.e. that accounts should provide a basis for decision making (Mellemvik et al, 1988).Financial reporting involves the preparation of general purpose financial statements in accordance with approved financial reporting standards; these statements providing information about the financial position, financial performance and cash flows of an entity, supplemented by accompanying narrative information. The primary users of general purpose financial statements are considered to be present and potential investors, lenders and other creditors, who are expected to use that information to make decisions about buying, selling or holding equity or debt instruments and providing or settling loans or other forms of credit (IFRS, 2012).…”

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confidence: 99%

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Football club financial reporting: time for a new model?

Morrow

2013

Sport, Business and Management: An International Journal

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Purpose -To critically evaluate football club financial reporting with reference to: the long-standing debate on the nature and purpose of accounting; and the implementation of UEFA's Financial Fair Play (FFP) regulations.Design/methodology/approach -The paper is based on a review and analysis of academic literature, accounting regulation and football regulations.Findings -The focus of financial reporting on rational economic decision-makers results in football club financial reports being of limited use to many football club stakeholders. Consideration of the social and organisational context of football, as takes place in FFP, can be used as a catalyst to consider broader approaches to football club reporting. The paper calls for fuller and different pictures to be provided of clubs' performance, in particular broadening the scope of accountability to users beyond that provided by an economic account.Research limitations/implications -The paper is designed to stimulate debate about accounting for and reporting on football club businesses. A necessary next step is an exploratory project, focusing on one or a small number of clubs and their stakeholders, exploring in a practical setting what enhanced football club reporting might look like.Originality/value -While the weaknesses of financial reporting have been considered extensively in the mainstream accounting literature and on occasion in terms of sport, the paper seeks to progress this discussion by linking it to significant football policy initiatives and to wider social and community-based football research. IntroductionThe substantial increases in income enjoyed by top level football clubs in recent years coupled with the resultant benefits gained by elite players have perhaps inevitably resulted in increased emphasis on the business of football and football clubs. Financial performance has become one of the dominant narratives about football with regular commentary on financial success or failure at league and club level. More pertinently, to some extent at least, football as an economic activity has become normalised, in the sense that increasingly clubs are being viewed and reported on by leading commentators as if they were normal businesses (Moorhouse, 2007).Notwithstanding football's highly commercialised nature, this process of normalisation is problematic: football has always been and continues to be a social business; economic in basis, but social in nature (Hamil et al., 2001;, Morrow, 2003Nash, 2000). This approach encourages recognition of the social aspects that distinguish football from purely economic activity; that is how its economic activity affects or is affected by its communities of interest or stakeholders. In recent years there has been increased attention afforded to the ways in which elite level clubs give effect to their putative social and community role and to their resultant accountability to those communities or stakeholders. At one level this has focused on the organisational and governance structure of clubs (see, ...

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Section: Financial Reporting -Objectives and User Needsmentioning

confidence: 99%

mentioning

confidence: 99%

Football club financial reporting: time for a new model?

Morrow

2013

Sport, Business and Management: An International Journal

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“…Consequently, if we are to comprehend how a nascent version of Russian public sector accounting emerges; how demands for more effi ciency, effectiveness, and accountability come to be translated into up-to-date calculative apparatus of accrual accounting; and why such signifi cance is accorded the latter, we have to move beyond the boundaries of the organization and examine this accounting change in relation to new ways of managing the Russian public sector. This is congruent with the emerging view of accounting as a social and institutional practice widely advocated in contemporary literature (see e.g., Miller 1994;Burchell et al 1985;Preston et al 1992;Mellemvik et al 1988). It is in this research tradition that I endeavour to approach and understand changes in Russian public sector accounting.…”

Section: Introductionmentioning

confidence: 78%

“…Indeed, Hopwood (1983: 302) spoke of "the external origins of internal accounts," implying that accounting "can never be seen in purely organizational terms". This is due to the fact that accounting is a social construction which cannot be isolated from its context, i.e., social processes taking place in and around any organization (Mellemvik et al 1988;Hopwood 1983;Miller 1994). Hence, it is intellectually rewarding to study accounting in the context in which it is enmeshed.…”

Section: Introductionmentioning

confidence: 99%

Russian Public Sector Reform: The Impact on University Accounting

Timoshenko

2008

Journal of Business Economics and Management

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The last few decades have witnessed substantial efforts to reinvent the state worldwide. The Russian state is no exception to this global trend. At the outset of a new millennium, the need for renewal of the post‐Soviet model of the state has been acknowledged, and an up‐to‐date reform package has been promoted by the central government. This has encompassed the reconstruction of public sector accounting. Given the paucity of consistent research efforts on the topic, this article seeks to describe and analyze, and by so doing, contribute to knowledge about Russian public sector accounting in times of change. To tackle the general purpose, two levels are incorporated in this study to link reform initiatives for the government as a whole with those endeavours to implement them in one state‐sponsored university of Russian tertiary education. The major questions to be addressed are of whether, why, and how changes at the central government level have penetrated down to the university and extended to its accounting system. The evidence gathered in this paper reveals that a new Russian public sector ideology has markedly been affected by overseas developments in the shape of large international organizations. However, no compelling evidence has been documented in this research as unveiling that changes at the macro‐level have penetrated down to the university to any significant extent. This study concludes that launching a new version of accounting by the Russian state can be regarded as more of a symbol of legitimacy for the university rather than of an actual financial management tool.

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“…Perbedaan lain atas penggunaan informasi akuntansi dikemukakan oleh Mellemvik et al (1988), dalam artikel mereka tentang fungsi akuntansi. Mereka membedakan dua fungsi utama penggunaan informasi akuntansi yaitu untuk pengelolaan sumber daya (tujuan akuntabilitas), dan untuk pengambilan keputusan (tujuan pengambilan kebijakan).…”

Section: Peran Akuntansi Dan Sistem Informasi Dalam Organisasi Publikunclassified

[Re]konstruksi Akuntabilitas: Sebuah Tinjauan Akuntansi Dan Sistem Informasi Dari Perspektif Lokal

Damayanti¹,

Wang²,

Darmawati³

et al. 2017

EKUITAS

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Accounting reforms in the public sector aims to improve the quality of information provided to decision makers and stakeholders. Improving the quality of information needed to drive accountability and performance in public sector organizations. This is important because the accounting information plays a key role in decision-making in the organization. This study aims to determine "how accounting information is interpreted by the community and Keywords: accountability, accounting, information systems ABSTRAKReformasi akuntansi di sektor publik bertujuan untuk meningkatkan kualitas informasi yang diberikan kepada para pembuat keputusan dan stakeholder. Peningkatan kualitas informasi perlu dilakukan untuk mendorong akuntabilitas dan kinerja dalam organisasi sektor publik. Hal ini penting mengingat informasi akuntansi memainkan peran kunci dalam pengambilan keputusan pada organisasi. Studi ini bertujuan untuk mengetahui "bagaimana informasi akuntansi dimaknai oleh masyarakat dan pemerintah daerah Kabupaten Gowa dalam konstruksi akuntabilitas publik". Studi ini melibatkan metodologi interpretif yang menggunakan cara pandang para nominalis dari paham nominalism yang melihat realitas sosial sebagai sesuatu yang tidak lain adalah label, nama, atau konsep yang digunakan untuk membangun realitas. Para nominalis memandang bahwa sesungguhnya tidak ada sesuatu yang nyata. Nama-nama hanya dianggap sebagai kreasi artifisial yang kegunaannya tergantung pada kesesuaian untuk mendeskripsikan, memberikan arti, dan menegosiasi sesuatu atau dunia luar. Studi ini menemukan bahwa pemerintahan kabupaten Gowa belum melakukan upaya sukarela untuk menyesuaikan model pengelolaan dan pelaporan mereka dengan kebutuhan khas akuntabilitas sektor publik. Penyesuaian semacam ini seharusnya dimulai dari pendefinisian dengan jelas tujuan yang ditugaskan pada pemerintah daerah, sehingga dapat ditemukan indikator untuk mengukur sejauh mana tujuan telah tercapai.

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Functions of accounting — a discussion

Cited by 69 publications

References 32 publications

Football club financial reporting: time for a new model?

Football club financial reporting: time for a new model?

Russian Public Sector Reform: The Impact on University Accounting

[Re]konstruksi Akuntabilitas: Sebuah Tinjauan Akuntansi Dan Sistem Informasi Dari Perspektif Lokal

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