How accounting can shape a better world: framework, analysis and research agenda

Garry D. Carnegie, Delfina Gomes, Lee D. Parker, Karen McBride and Eva Tsahuridu

Meditari Accountancy Research, 2024, vol. 32, issue 5, 1529-1555

Abstract: Purpose - This article centres on the pertinence of redefining accounting for tomorrow, particularly for facilitating the attainment of the UN Sustainable Development Goals (SDGs) and, thereby, for shaping a better world. In aspiring for accounting to reach its full potential as a multidimensional technical, social and moral practice, this paper aims to focus on ideas, initiatives and proposals for realising accounting’s future potential and responsibilities. Design/methodology/approach - The study deploys a further developed “strategic implementation framework”, initially proposed by Carnegieet al.(2023), with an emphasis on accounting serving “the public interest” so as “to enable the flourishing of organisations, people and nature” (Carnegieet al., 2021a, p. 69; 2021b). It depicts strategies towards the future of accounting and the world. Findings - Significant opportunities are identified for accounting and accountants, working closely with a diversity of stakeholders, to become alert to and cognisant of the nature, roles, uses and impacts of accounting. The evidence presented notes a predominant inattention of accounting and accountants to the SDGs despite the deteriorating state of our social and natural environment. Research limitations/implications - Whilst this article examines other articles in this special issue (SI), there is no substitute for carefully reading, reflecting on and deliberating upon these articles individually. Originality/value - The time for accounting to focus on creating a better world can no longer be extended. Accounting’s full potential will not be realised by remaining in a narrow and complacent, technicist state.

Keywords: Accounting; Multidimensional accounting; Redefining accounting; Shaping a better world; SDGs (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:medarp:medar-06-2024-2509

DOI: 10.1108/MEDAR-06-2024-2509

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