It often has been emphasised that the reflection of economic reality of company transactions is fundamental to financial accounting. Although this fundamental principle is widely accepted, there is not a general description of how reality can be constructed in financial accounting. This paper...

CHAPTER 1 – Introduction -- Part 1: Conceptual Analysis of Institutions, Norms, and Performativity -- CHAPTER 2 – Institutions as Collectively Accepted Norms -- CHAPTER 3 – Performativity of Observable Social Norms -- CHAPTER 4 – Approach, Methodology, and Scope -- Part 2: Performative...