Investigation and Conceptualize the recent Convergence between Management Accounting and Financial Accounting
Subject Areas : Management AccountingFerydoon Rahnamay Roodposhti 1 , Rahele Homayooni Rad 2
1 - استاد و عضو هیئت علمی دانشگاه آزاد اسلامی واحد علوم و تحقیقات
2 - دانشجوی دکتری حسابداری دانشگاه آزاد اسلامی واحد علوم و تحقیقات و عضو هیئت علمی دانشگاه آزاد اسلامی واحد هشتگرد
Keywords: financial accounting, management accounting, convergence of management acco, Information Technology,
Abstract :
In this article we investigate and conceptualize the recent convergence of management accounting (MA) and financial accounting (FA) with the advancements in information technology (IT), and illustrate that how this convergence is manifested in the technical and technological domain, and how it is reflected in behavioral and organizational domain.Designing the analytical model by Hemmer and Labro (2008) with forward-looking of financial accounting leads to forward-looking managerial accounting, and lead to build a conceptual framing to analyze this convergence. According to this framing, information technology serves as a facilitator, catalyst, motivator or even as an enabler for the convergence of MA and FA. We further argue that convergence is a much broader than claimed by Hemmer and Labro. This convergence in technical and technological domain, including the intentional integration of information systems and software, intentional combinations of methods or standards, and in behavioral and organizational domain including (un)intentional alignment regarding both work and functions.Based on observations, it is concluded that the forward-looking FA elements are often intertwined with MA, and vice versa, and that convergence in technical and technological domain appears to precede convergence in the behavioral and organizational domain. In most of observations, IT plays an important or even crucial role in this convergence process. Also, suggested several avenues for further research.
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