Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis
This article highlights the transformation of views on the understanding of accounting as a science in the new conditions for the functioning of enterprises operating in globalized markets in a dynamic competitive environment. The necessity of considering external factors (corporate scandals, financ...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2020-06-01
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| Series: | Accounting and Financial Control |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13627/AFC_2020_01_Lehenchuk.pdf |
| _version_ | 1811339904549912576 |
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| author | Serhii Lehenchuk Iryna Zhyhlei Olena Syvak |
| author_facet | Serhii Lehenchuk Iryna Zhyhlei Olena Syvak |
| author_sort | Serhii Lehenchuk |
| collection | DOAJ |
| description | This article highlights the transformation of views on the understanding of accounting as a science in the new conditions for the functioning of enterprises operating in globalized markets in a dynamic competitive environment. The necessity of considering external factors (corporate scandals, financial crisis, etc.) in the development of accounting as a science is emphasized. The reasons for the need to confirm the scientific status of accounting are considered, the hypotheses concerning the gradual crowding out and replacement of accounting by information systems with artificial intelligence are refuted. Accordingly, the study aims to confirm the scientific significance of accounting and justify the need for its further development as a social science aimed at solving social issues and having a deeper social context. Various accounting models and identification of factors affecting their construction, as a result of which the goals of accounting are transformed, make the theoretical basis of this study. It is concluded that accounting is a social science that studies the features of the functioning of the accounting system as a social and institutional practice. Such an understanding of accounting science is considered one of the ways out of the existing crisis. The reasons for the lack of understanding among Ukrainian researchers of accounting as a social science are highlighted, and the ways to overcome them are suggested. It is proved that accounting, on the one hand, is a product of the social environment, an instrument for reflecting the economic reality of an enterprise. On the other hand, it influences the formation of social reality, being an instrument for shaping social processes and relations arising from the functioning of accounting as a separate socio-economic institute. |
| first_indexed | 2024-04-13T18:33:20Z |
| format | Article |
| id | doaj.art-8a9e521e41b04d11b79e5fc9be38dec8 |
| institution | Directory Open Access Journal |
| issn | 2543-5485 2544-1450 |
| language | English |
| last_indexed | 2024-04-13T18:33:20Z |
| publishDate | 2020-06-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Accounting and Financial Control |
| spelling | doaj.art-8a9e521e41b04d11b79e5fc9be38dec82022-12-22T02:34:58ZengLLC "CPC "Business Perspectives"Accounting and Financial Control2543-54852544-14502020-06-0131112210.21511/afc.03(1).2020.0213627Understanding accounting as a social and institutional practice: possible exit of accounting science from crisisSerhii Lehenchuk0https://orcid.org/0000-0002-3975-1210Iryna Zhyhlei1https://orcid.org/0000-0002-9529-6849Olena Syvak2https://orcid.org/0000-0002-2799-3685Doctor of Economics, Professor, Head of the Department of Accounting and Auditing, Faculty of Business and Service Sector, Department of Accounting and Auditing, Zhytomyr Polytechnic State UniversityDoctor of Economics, Professor, Head of the Department of Accounting and Auditing, Faculty of Business and Service Sector, Department of Accounting and Auditing, Zhytomyr Polytechnic State UniversityPh.D. in Economics, Faculty of Business and Service Sector, Department of Accounting and Auditing, Zhytomyr Polytechnic State UniversityThis article highlights the transformation of views on the understanding of accounting as a science in the new conditions for the functioning of enterprises operating in globalized markets in a dynamic competitive environment. The necessity of considering external factors (corporate scandals, financial crisis, etc.) in the development of accounting as a science is emphasized. The reasons for the need to confirm the scientific status of accounting are considered, the hypotheses concerning the gradual crowding out and replacement of accounting by information systems with artificial intelligence are refuted. Accordingly, the study aims to confirm the scientific significance of accounting and justify the need for its further development as a social science aimed at solving social issues and having a deeper social context. Various accounting models and identification of factors affecting their construction, as a result of which the goals of accounting are transformed, make the theoretical basis of this study. It is concluded that accounting is a social science that studies the features of the functioning of the accounting system as a social and institutional practice. Such an understanding of accounting science is considered one of the ways out of the existing crisis. The reasons for the lack of understanding among Ukrainian researchers of accounting as a social science are highlighted, and the ways to overcome them are suggested. It is proved that accounting, on the one hand, is a product of the social environment, an instrument for reflecting the economic reality of an enterprise. On the other hand, it influences the formation of social reality, being an instrument for shaping social processes and relations arising from the functioning of accounting as a separate socio-economic institute.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13627/AFC_2020_01_Lehenchuk.pdfaccounting as a social and institutional practiceaccounting scienceaccounting theorysocial science |
| spellingShingle | Serhii Lehenchuk Iryna Zhyhlei Olena Syvak Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis Accounting and Financial Control accounting as a social and institutional practice accounting science accounting theory social science |
| title | Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis |
| title_full | Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis |
| title_fullStr | Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis |
| title_full_unstemmed | Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis |
| title_short | Understanding accounting as a social and institutional practice: possible exit of accounting science from crisis |
| title_sort | understanding accounting as a social and institutional practice possible exit of accounting science from crisis |
| topic | accounting as a social and institutional practice accounting science accounting theory social science |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13627/AFC_2020_01_Lehenchuk.pdf |
| work_keys_str_mv | AT serhiilehenchuk understandingaccountingasasocialandinstitutionalpracticepossibleexitofaccountingsciencefromcrisis AT irynazhyhlei understandingaccountingasasocialandinstitutionalpracticepossibleexitofaccountingsciencefromcrisis AT olenasyvak understandingaccountingasasocialandinstitutionalpracticepossibleexitofaccountingsciencefromcrisis |