ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL
This paper aims at presenting some contradictions that can be found in the contemporary theoretical approach to the issue of accounting. Accounting has changed the systemic perception of economic phenomena into the process related one. This may be manifested in using current value to assess fixed as...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Bielsko-Biała School of Finance and Law
2017-04-01
|
| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| Subjects: | |
| Online Access: | https://www.wsfip.edu.pl/index.php/asej/article/view/436 |
| _version_ | 1797398308886413312 |
|---|---|
| author | Maria Smejda |
| author_facet | Maria Smejda |
| author_sort | Maria Smejda |
| collection | DOAJ |
| description | This paper aims at presenting some contradictions that can be found in the contemporary theoretical approach to the issue of accounting. Accounting has changed the systemic perception of economic phenomena into the process related one. This may be manifested in using current value to assess fixed asset component, which results in distortions in the informative system of accounting, thus encouraging application of creative accounting. Partial contradictions demonstrated in this paper are deeply rooted in the theoretical background of accounting and they have one common foundation – seeing productive capital through the prism of financial capital. This approach results from financial capital related tendencies to search for new forms of capital returns. New accounting allows for following such tendencies on the microeconomic level. New subjective interests of accounting deepen the dichotomy between theory and practice. |
| first_indexed | 2024-03-09T01:23:45Z |
| format | Article |
| id | doaj.art-b80dba5816f745cebda38cce41ca8c6b |
| institution | Directory Open Access Journal |
| issn | 2543-9103 2543-411X |
| language | English |
| last_indexed | 2024-03-09T01:23:45Z |
| publishDate | 2017-04-01 |
| publisher | Bielsko-Biała School of Finance and Law |
| record_format | Article |
| series | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| spelling | doaj.art-b80dba5816f745cebda38cce41ca8c6b2023-12-10T08:26:20ZengBielsko-Biała School of Finance and LawZeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej2543-91032543-411X2017-04-01211ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITALMaria Smejda0Bielsko-Biała School of Finance and Law Department of Finance and Information TechnologiesThis paper aims at presenting some contradictions that can be found in the contemporary theoretical approach to the issue of accounting. Accounting has changed the systemic perception of economic phenomena into the process related one. This may be manifested in using current value to assess fixed asset component, which results in distortions in the informative system of accounting, thus encouraging application of creative accounting. Partial contradictions demonstrated in this paper are deeply rooted in the theoretical background of accounting and they have one common foundation – seeing productive capital through the prism of financial capital. This approach results from financial capital related tendencies to search for new forms of capital returns. New accounting allows for following such tendencies on the microeconomic level. New subjective interests of accounting deepen the dichotomy between theory and practice. https://www.wsfip.edu.pl/index.php/asej/article/view/436production capitalfinancial capitalhistorical costfair valuecreative accounting |
| spellingShingle | Maria Smejda ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej production capital financial capital historical cost fair value creative accounting |
| title | ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL |
| title_full | ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL |
| title_fullStr | ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL |
| title_full_unstemmed | ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL |
| title_short | ACCOUNTANCY ENTANGLED BY FINANCIAL CAPITAL |
| title_sort | accountancy entangled by financial capital |
| topic | production capital financial capital historical cost fair value creative accounting |
| url | https://www.wsfip.edu.pl/index.php/asej/article/view/436 |
| work_keys_str_mv | AT mariasmejda accountancyentangledbyfinancialcapital |