CSR and Accounting: Drawing on Weber and Aristotle to Rethink Generally Accepted Accounting Principles

29 Pages Posted: 5 Sep 2013

See all articles by Nancy Christie

Nancy Christie

University of Maryland University College (UMUC)

Bruno Dyck

University of Manitoba - Department of Business Administration

Janet B. Morrill

University of Manitoba - Department of Accounting and Finance

Ross Stewart

Seattle Pacific University - School of Business and Economics

Date Written: Fall 2013

Abstract

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).

Suggested Citation

Christie, Nancy and Dyck, Bruno and Morrill, Janet B. and Stewart, Ross, CSR and Accounting: Drawing on Weber and Aristotle to Rethink Generally Accepted Accounting Principles (Fall 2013). Business and Society Review, Vol. 118, Issue 3, pp. 383-411, 2013. Available at SSRN: https://ssrn.com/abstract=2320843 or http://dx.doi.org/10.1111/basr.12015

Nancy Christie

University of Maryland University College (UMUC) ( email )

3501 University Blvd E
Adelphi, MD 20783
United States

Bruno Dyck

University of Manitoba - Department of Business Administration ( email )

Winnipeg, Manitoba R3T 5V4
Canada
204 474 8184 (Phone)

Janet B. Morrill

University of Manitoba - Department of Accounting and Finance ( email )

Faculty of Management
Winnipeg, MB R3T 5V4
Canada

Ross Stewart

Seattle Pacific University - School of Business and Economics ( email )

3307 3rd Ave W
Seattle, WA 98119
United States

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