preview

Conctionalism In The Theory Of The Critical Accounting Theory

Decent Essays
Critical Accounting Theory
According to Oluwadare and Samy (2015) from the Canadian Social Science, Critical Accounting Theory is about understanding accounting in the context of its broad socio-politics, evaluating the accounting policies and practices that exist, and offering means of working towards more enabling accountings. It generally puts a focus on accounting’s role to keep those in control of particular resources in their positions while those without any capital to have their voices undermined or restricted. Critical theory advances beyond the rational view of the traditional functionalist in terms of accounting and accounting research. It aims to help in the disclosure of the accountability of organisations as well as increasing the environmental stability. This is theory is contextual, meaning it focuses more on political, economic and social consequences (Laughlin, 1999). It could be said that it is similar to corporate social responsibility, but it is actually beyond that as corporate social responsibility has a tendency to focus on the parties that can potentially be affected by the decisions of the firm, inadvertently ignoring minor parties, while Critical Accounting Theory wants to put the focus on society as a whole. In his research, Laughlin (1987) states that there are three relevant points of the critical theory for accounting research. Firstly, the critical accounting theory creates a link between theory and practice. Secondly, critique, change and
    Get Access