International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
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Vol. 7, Issue 2 (2024)

Understanding accounting as a social and institutional practice: Possible exist of accounting sciences from the crisis


Imad Kadhim Imran

This research shows how accounting perspectives have changed in response to the present business climate for companies competing in global markets. To advance the field of accounting, outside forces (such as corporate scandals and financial crises) must be taken into consideration. It is stressed how important it is to demonstrate the scientific foundation of accounting. Accounting ideas about data networks are being disregarded in favour of deep learning, which is gradually displacing accounting. In light of sociology's emphasis on finding solutions to social problems and offering a more complete social context, the study's overarching goal is to confirm accounting's scientific significance and encourage its continued expansion. Accounting goals are adjusted as a result of the elements discovered in relation to the construction of various models, which provide the theoretical basis of this work. The assertion is made that accounting is a social science that studies the cultural and organisational aspects of financial reporting and how it functions. Improving one's knowledge of accounting science is another possible solution to the present problem. Accounting as sociology is not well-known among Ukrainian academics, and this article explores why and how this could change. Accounting, a tool for depicting the economics of a business, is, on the one hand, a product of society. On the other side, accounting, as a separate socio-economic institution, affects the building of society and culture through its role as a tool for organising social relationships.
Pages : 72-77 | 221 Views | 100 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Imad Kadhim Imran. Understanding accounting as a social and institutional practice: Possible exist of accounting sciences from the crisis. Int J Finance Manage Econ 2024;7(2):72-77. DOI: 10.33545/26179210.2024.v7.i2.341
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