Question  

‘Accounting is a practice that underlies and enables organizational action and much of human activity. In this way, accounting is fundamentally a social practice, which guides and influences the behaviour of people in organizations and society, thereby impacting our lives.’ – Eva Tsahuridu & Garry Carnegie, IFAC, 2018.

Required:

Use your lecture and seminar materials, explain the phrase “accounting as a social practice”. Note the following:

1.Discuss the difference between seeing accounting as technical practice and seeing it as a social practice.Illustrate your answers with supporting examples e.g. academic literature.