Globalisation, accounting and developing countries

Accounting is an instrument and an object in globalisation but its impact and manifestation is not uniform across Northern developed countries and Southern developing countries (DCs). This paper reviews contributions on globalisation and its influence on accounting in DCs, and identifies important research gaps. It examines the role of accounting in changing development policies, from state capitalism through neo-liberal market-based to good-governance policies. It then considers specific accounting issues, namely the diffusion of International Accounting Standards (now International Financial Reporting Standards) and how they promote global neo-liberalism; the development of the accounting profession in DCs in the face of competition from Northern global accounting firms and professional associations; accounting issues in state-owned organisations, and privatised and multinational corporations; government accounting reforms and the resurrection of the state in DCs; social and environmental accounting issues; and the rise of non-governmental organisations and their accounting and accountability. The discussion and conclusions reflect on achievements to date and important areas requiring further development

Gifting, Exchange and Reciprocity in Thai Annual Reports: Towards a Buddhist Relational Theory of Thai Accounting Practice

This paper analyses the inter-relationship of human agency and socio-economic structure in the determination of Thai accounting. It demonstrates that determination of accounting practice lies neither in the individual agency of human practice, nor in the forces of socioeconomic structure per se, but rather in patterns of relational practice. Drawing on the theoretical framework of Mauss [5TD$DIF](1925) to analyse accounting practice as revealed in Thai company annual reports, this paper elaborates a Buddhist relational theory of accounting practice that focuses on the importance of patterns of practice [6TD$DIF]generated by gifting, exchange and reciprocity. It studies theways that accounting as evidenced in the relational practices of Thai annual reports creates patterns of corporate, societal and state identity in late 20th and early 21st-century Thailand. The article also relates this Thai Buddhist conceptualisation of practice to other theoretical approaches, particularly Foucault, Giddens and Latour, which accounting historians have adapted to express the interaction of human and structural agency in practice. In doing so, the paper seeks to highlight some of the limitations in such accounting theorisation and emphasise the importance of a focus on normative patterns of relational practice as an explanation of accounting formation. © 2017 Elsevier Ltd. All rights reserved

Attitudes to the development and implementation of social and environmental accounting in Thailand

Motivated and shaped by a concern to realise the potentiality of accounting communication in relation to social and environmental issues in Thailand, this paper evaluates perceptions of current accounting as well as attitudes to social and environmental accounting among Thai accounting professionals. Making use of empirical data generated by questionnaire study and interviews, this paper aims to shed more light on the development and implementation of social and environmental accounting in Thailand. It argues that any change of accounting in future is likely to involve a change in the nature of the Thai accounting profession itself. The paper suggests ways in which the future development of social and environmental accounting practice might be given further impetus in the Thai context

A comparative analysis of corporate reporting on ethical issues by UK and German chemical and pharmaceutical companies.

This paper reports on a study of reporting on ethical issues in the corporate annual reports of the largest UK and German chemical and pharmaceutical companies between 1985 and 1995. The study is both comparative and longitudinal in nature, examining in detail how ethical reporting practices developed differently in two Western nations. Despite the similarity in industry affiliations of the companies in the two samples, the study found substantial differences in the nature and patterns of reporting both across time and between the two countries studied. In particular, German companies reported more information and that reporting ‘matured’ to its current level at an earlier date. The paper explores some of the factors which might be thought to have caused this diversity in reporting between the two countries including: industry initiatives; extent of regulations demanding ethical responsibility; and other social and political pressures

From cosmological to commercial form: A Buddhist theory of ‘form’, ‘space’ and ‘stream of re-becoming’ in mid-19th century Thai accounting

This paper elaborates a Buddhist theory of practice which revises theoretical emphasis in the critical accounting literature on the dominance or hegemony of accounting ‘structures’, particularly structural interpretations of dominance and hegemony adapted from analytical frameworks in the works of Gramsci, Foucault, Bourdieu, Giddens and Latour. Using Buddhist theoretical concepts of ‘form’ (rūpa), ‘space’ and ‘emptiness’ (suññatā), and ‘stream’ (sota) of ‘re-becoming’ (punabbhava), this paper argues that perceived dominant or hegemonic ‘forms’ are inherently transient and ephemeral (anicca) because they are continually emptied of ‘self’ (anattā) by confluent ‘flows’ of practice which course in ‘spaces’ within, through and around these ‘forms’ and constantly dis-aggregate and re-aggregate them in variegated ways. The paper exemplifies this importance of ‘flows’ of practice in ‘empty spaces’ in terms of a case-study of transformation from Buddhist cosmologically-premised tax-accounts to commercialised tax-accounts based around Chinese trading practices in mid-19th century Siam/Thailand. The paper analyses the nature of this Siamese accounting transformation or stream of ‘re-becoming’ in terms of the confluent flow of different cosmological and commercial accounting practices, and argues in consequence for the impermanent and transient nature of dominant or hegemonic accounting structures and formations

Corporate social accounting disclosure in Thailand

Little is known of the actualities or possibilities of corporate social reporting in Thailand. This study aims to move towards an appreciation of this neglected but important area. This survey focuses on the annual reports of Thai companies, and thereby contributes to a tradition of related prior empirical work upon corporate social accounting practices which has to date largely focused upon English‐speaking and Western contexts. Its concern is to gain insights into and to critically appraise various dimensions of these annual reports, so as to construct a critique of corporate social disclosure in Thailand. Pursuing a critical perspective sensitive to the context of Thailand, it is concluded that the various aspects of the Thai accounting disclosure that are analysed are disabling, and more generally that the Thai practices explored fall short of their potential to function as enabling communication