We examine Qin Dynasty (221 to 207 BCE) wood bookkeeping slips from 217 to 210 BCE unearthed in Hunan province, China. While purely written slips were unearthed before, these slips are unique in that they contain written records of details of transactions as well as notches on their sides that...

Since the release and implementation of SFAS No.141 and No.142, there has been a continuous controversy over whether to apply the impairment-only or the amortisation-and-impairment method for subsequent goodwill accounting. FASB and IASB solicited opinions on proposed revisions through the and...

Accountability refers to a relationship of responsibility, answerability, and enforceability between individuals and groups. In contrast to traditional institutions that rely on enforcement of accountability through traditional legal frameworks, blockchain systems rely on the "rule of code",...

Companies depend on the trust and confidence of the general public to thrive. The integrity of financial reporting practices plays a pivotal role in establishing and sustaining stakeholders' confidence. This trust serves as a foundational cornerstone in managerial decision-making processes and...

Understand and explain the benefits and consequences of international financial reporting standards (IFRS) convergence from the expected timeline for convergence. Accountants must be able to record and report transactions involving the exchange of US dollars in foreign currency

Understand and explain the benefits and consequences of international financial reporting standards (IFRS) convergence from the expected timeline for convergence. Accountants must be able to record and report transactions involving the exchange of US dollars in foreign currency

This paper analyses the underlying assumptions of the double-entry bookkeeping system to show how we can expand this system to integrate ESG information in the financial data collection and reporting processes. Our analysis identifies five axioms that shape double-entry bookkeeping. By relaxing...

We use a case study to illustrate how different acquisition methods can result in different amounts of goodwill recognized on financial statements in China. China Merchants Bank adopted a two-step acquisition method: first, it acquired 53% of the shares of Hong Kong’s Wing Lung Bank to gain...

We use a case study to illustrate how different acquisition methods can result in different amounts of goodwill recognised on financial statements in China. China Merchants Bank adopted a two-step acquisition method: first, it acquired 53% of the shares of Hong Kong's Wing Lung Bank to gain...

In this concluding chapter to the Handbook of Accounting in Society, we reflect on the collective effort of the contributors. Taken together, our contributions present a manifestation of accounting realism, a concern with how and where accounting actually takes place in society. As we explore...

This chapter reflects on how accounting practices relate to aspects of agencification, that is, the use of semi-autonomous agencies to deliver public services. It explores the way in which agency managers and staff pursue agencification purposes using accounting. It is concerned with how...