Evaluate the reasons why the accounting profession would be reluctant to recognise that accounting is a constructed process (that involves subjective decision making) and maintains an imagery of ‘objectivity’.

Management accounting

In 1,300-1,500 words, provide a considered, written response to the following question:

Evaluate the reasons why the accounting profession would be reluctant to recognise that accounting is a constructed process (that involves subjective decision making) and maintains an imagery of ‘objectivity’.

Draw on articles, theory and examples to support your argument.

You must provide appropriate referencing and a bibliography.

Suggested resources:

Deegan, C. (2014) Financial Accounting Theory (4 ed) North Ryde: McGraw-Hill Education

Gaffikin, M. (2008) Accounting Theory: Research, Regulation and Accounting Practice, Pearson Education, Sydney.

Morgan, G. (1988). Accounting as reality construction: towards a new epistemology for accounting practice. Accounting, Organizations and Society, 13, 477-485.

Hines, R. D. (1988). Financial accounting: in communicating reality, we construct reality. Accounting, Organizations and Society, 13, 251-261.