Accounting in context: An interpretive approach to the effect of social indicators in the accountancy of managerial decisions

Abstract

Accounting studies have come to serve as a key position within the corporation of cutting-edge economies and societies. Nowadays, within the economic sector in addition to in the public region, organizational sports are established around price-benefit analyses, balanced scorecards, income facilities, discounted cash float analyses, trendy costing techniques, price added accounting, monetary risk calculations and plenty of other numerical varieties of organizational representation and monetary size. In opposition to the heritage of these traits, it is surprising how little interest accounting techniques have obtained in contemporary social thoughts. The objectives of this paper are manifold, starting off with the identification of the prevailing problems in the current research methodologies and practices of managerial accounting and explanation of their causes. Afterward, the interpretive or naturalistic paradigm of the managerial accounting research is discussed focusing on the areas where this view excels the preceding one.