Financial accounting reforms in the Australian public sector: an episode in institutional thinking

Potter, Brad 2002, Financial accounting reforms in the Australian public sector: an episode in institutional thinking, Accounting, auditing & accountability journal, vol. 15, no. 1, pp. 69-93.

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Title Financial accounting reforms in the Australian public sector: an episode in institutional thinking
Author(s) Potter, Brad
Journal name Accounting, auditing & accountability journal
Volume number 15
Issue number 1
Start page 69
End page 93
Publisher Emerald Group Publishing Ltd.
Place of publication Bingley, England
Publication date 2002
ISSN 1368-0668
1758-4205
Keyword(s) Accounting
Australia
Institutionalism
Public sector accounting
Summary In recent years in Australia, accounting regulations have been developed that require the adoption of commercial accounting and reporting practices by public-sector organisations, including the recognition of cultural, heritage and scientific collections as assets by non-profit cultural organisations. The regulations inappropriately apply traditional accounting concepts of accountability and performance, notwithstanding that the primary objectives of many of the organisations affected are not financial. This study examines how this was able to occur within the ideas outlined in Douglas’s (1986) How Institutions Think. The study provides evidence to demonstrate that the development; promotion, and defense of the detailed accounting regulations were each constrained by institutional thinking and, as a result, only certain questions were asked and many problems and issues associated with the regulations were not addressed. Thus, it seeks to further our understanding of the nature and limits of change in accounting and the role of institutions in promoting and defending changes to accounting practice.
Language eng
Field of Research 150103 Financial Accounting
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2002, MCB UP Limited
Persistent URL http://hdl.handle.net/10536/DRO/DU:30001446

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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