Nancy Christie is an Associate Professor of Accounting, University of Maryland University College, Adelphi, MD. E-mail: email@example.com.
CSR and Accounting: Drawing on Weber and Aristotle to Rethink Generally Accepted Accounting Principles
Article first published online: 3 SEP 2013
© 2013 Center for Business Ethics at Bentley University
Business and Society Review
Volume 118, Issue 3, pages 383–411, Fall 2013
How to Cite
Christie, N., Dyck, B., Morrill, J. and Stewart, R. (2013), CSR and Accounting: Drawing on Weber and Aristotle to Rethink Generally Accepted Accounting Principles. Business and Society Review, 118: 383–411. doi: 10.1111/basr.12015
The authors would like to thank Dean Neu, Jeff Everett, Doug McKenna, Linda Thorne, participants of the University of Manitoba-CGA Accounting Research Conference, the Asia Pacific Interdisciplinary Perspectives on Accounting Conference in Singapore, and the University of Calgary Critical Accounting Research Conference for their helpful comments. Janet Morrill gratefully acknowledges funding received from the Institute of Chartered Accountants of Manitoba through the Centre of Accounting Research and Education at the University of Manitoba. Bruno Dyck also thankfully acknowledges funding received from the Social Sciences and Humanities Research Council of Canada.
- Issue published online: 3 SEP 2013
- Article first published online: 3 SEP 2013
- Institute of Chartered Accountants of Manitoba through the Centre of Accounting Research and Education at the University of Manitoba
- Social Sciences and Humanities Research Council of Canada
The purpose of this article is to discuss and provide an alternative, less materialist–individualist approach to interpret the four assumptions of generally accepted accounting principles: economic entity, unit measure, periodic reporting, and going concern. The article draws from and builds on arguments first developed by Weber and Aristotle to demonstrate how a materialist–individualist moral point of view influences the conventional interpretation of the four basic assumptions for generally accepted accounting principles. We then propose an ideal-type conceptual framework upon which to critique mainstream accounting theory and to develop alternative accounting theory that balances multiple forms of well-being (including financial, but also social, physical, spiritual, and ecological well-being) for multiple stakeholders (including owners, employees, customers, suppliers, competitors, neighbors, future generations, and so forth).