Accountancy as almost immediately practised is tied to the paradigm of recent monetary capitalism with its reliance on industry strategies and the maximization of the firm’s gains, that are the elemental explanations of such a lot those problems.

The Social functionality of Accounts argues that accountancy, as at the moment prepared and practised, is failing society, either in Britain and on this planet as a complete. reading the present difficulties afflicting the area: monetary crises and instability, worldwide warming, degradation of our environment, starting to be inequality, this publication asks the query - what contribution does accountancy make to the answer of those difficulties? The ebook argues that the accountancy occupation doesn't serve the general public curiosity, even though its declare to this influence.

The Social functionality of Accounts argues that the ethical accountability of the accountant is analysed near to the crucial theories of ethics carrying on with that the person accountant has an ethical accountability to think about the influence of his activities on people and on society as a complete. This accountability is then analysed in a sequence of chapters facing 4 particular features of the problem: Distributive Justice, Sustainability, monetary reporting & the Accountancy Profession.

Concluding with a decision for the accountancy career to undertake a brand new ethic of carrier to the general public The Social functionality of Accounts redraws the limits of present accounting literature and should be important examining for teachers, researchers and coverage makers in accounting and comparable disciplines.