Critical Perspectives on Accounting Essay

In this article Marcus Milne provides critical overview and analysis of literature devoted to set uping grounds for positive accounting theory in respects of corporate societal revelation. The cardinal statement of the paper is that positive accounting theoreticians are seeking to colonise societal and environmental accounting research. The present article is empirical research and the writer employs qualitative and quantitative informations to back up the claim that positive accounting theory of societal revelation has failed in its enterprise.

The author’s intent is to dispute the perceptual experiences of positive accounting theory and to exemplify why attempts of theoreticians to societal and environmental accounting has failed. The writer focuses on the original work of Watts and Zimmerman and tends to show their concern and thoughts with the lobbying behaviour observed in US oil companies. The companies were claimed to be monopolizers and self-interested politicians that had pursued chiefly wealth transportations in the signifier of revenue enhancements and other political costs. For them. societal duty is go throughing comment.

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The article is utile to my research subject as Milne suggests that modern concerns and companies should be more concerned with societal and environmental duty as our world’s resources are non limitless. The chief restriction of the article is that merely one original work is incorporated – the article presents one point of view without showing multiple positions on the job. The writer indicates that literature on positive accounting theory has failed to supply statements for self-interested managers’ wealth maximizes. The article will be utile auxiliary information for my research on societal and environmental duty.