Title:
The failure and the future of accounting : strategy, stakeholders, and business value
Author:
Hatherly, David J.
ISBN:
9781409453543
Personal Author:
Publication Information:
Farnham, Surrey : Gower, c2013.
Physical Description:
xviii, 222 p. : ill. ; 26 cm.
General Note:
Formerly CIP.
Contents:
The internal and external failure of accounting -- The inadequacy of traditional accounting -- Feedback failures and the need for a new accounting -- The stakeholder knowledge network -- Accounting for distributed knowledge -- Distributed risk -- Accounting for intangibles -- Promises -- Strategic connectivity -- Financialisation -- The significance for financial reporting -- Illustration of 4s accounts -- Summary.
Abstract:
In the Failure and the Future of Accounting, David Hatherly rethinks accounting in the light of a financial crisis with exposed its limitations. He reminds us that in the run up to 2008 the accounts of financial institutions reported increasing profits and healthy balance sheets whilst their business models were undermining their own fiancial health and the economy. Accounts failed to provide appropriate feedback on business performance.
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