Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Financial accounting and reporting: Sustaining relevance in the present time paradigm

Financial accounting and reporting: Sustaining relevance in the present time paradigm Accountants are looking for innovative solutions to challenges and problems that seem to become increasingly numerous and complicated. Researchers debate whether the emergence of these challenges is due to a general dissatisfaction with the existing accounting paradigm. This article therefore presents a transdisciplinary approach aimed at creating a new accounting paradigm. The discipline of accounting is challenged by blending the limitations within the present paradigm with the discoveries in physics and quantum mechanics. This study shifts the attention to those aspects of reality that characterise today’s accelerated social change, disorder, instability, diversity, disequilibrium and non‐linear relationships – all with a heightened sensitivity to the flow of time. By interpreting financial accounting and reporting from this perspective, new perspectives are offered from a holistic paradigm of transcendence in relation to the arrow of time and information capacity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Meditari Accountancy Research Emerald Publishing

Financial accounting and reporting: Sustaining relevance in the present time paradigm

Meditari Accountancy Research , Volume 12 (1): 23 – Apr 1, 2004

Loading next page...
 
/lp/emerald-publishing/financial-accounting-and-reporting-sustaining-relevance-in-the-present-O9f8Ggdoyg

References (51)

Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1022-2529
DOI
10.1108/10222529200400005
Publisher site
See Article on Publisher Site

Abstract

Accountants are looking for innovative solutions to challenges and problems that seem to become increasingly numerous and complicated. Researchers debate whether the emergence of these challenges is due to a general dissatisfaction with the existing accounting paradigm. This article therefore presents a transdisciplinary approach aimed at creating a new accounting paradigm. The discipline of accounting is challenged by blending the limitations within the present paradigm with the discoveries in physics and quantum mechanics. This study shifts the attention to those aspects of reality that characterise today’s accelerated social change, disorder, instability, diversity, disequilibrium and non‐linear relationships – all with a heightened sensitivity to the flow of time. By interpreting financial accounting and reporting from this perspective, new perspectives are offered from a holistic paradigm of transcendence in relation to the arrow of time and information capacity.

Journal

Meditari Accountancy ResearchEmerald Publishing

Published: Apr 1, 2004

Keywords: Accounting constraints Intelligence; Artistic elements Relationships; Dissipative systems Transcendence; Financial reporting Time paradigm

There are no references for this article.