Purpose

The purpose of this paper is to explore issues related to the use of financial accounting and reporting by discussing three interrelated areas: the theoretical foundations, the framework and practicalities. The paper also discusses participatory and pluralistic approaches to accounting and corporate governance as alternatives to address some of these issues.

Design/methodology/approach

This is a narrative research based on deductive thematic analysis of secondary data. This study provides a general overview of the existing literature of the limits of the use of financial accounting and its impact on business and society.

Findings

In terms of the theoretical foundations, this paper contrasts financial accounting explained by agency theory and a dialogic accounting approach. The findings of this study emphasise the need to establish an accounting framework for the interests of the many (not the few) in conjunction and simultaneously with a participatory and pluralistic approach to corporate governance. Finally, this paper explores accounting for carbon emissions and recent financial accounting scandals to analyse the impact of the inappropriate use of financial accounting and reporting in business and society.

Originality/value

This paper provides an overview of the limits of the use of financial accounting by exploring its theoretical background, framework and practicalities. The paper also discusses the need for new accounting and corporate governance frameworks that allow a pluralistic and participatory approach to the decision-making of companies.

中文翻译：

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财务会计的使用是否适合目的？理论基础、框架和实践探索

目的

本文的目的是通过讨论三个相互关联的领域来探讨与财务会计和报告使用相关的问题：理论基础、框架和实践。本文还讨论了会计和公司治理的参与性和多元化方法，作为解决其中一些问题的替代方法。

设计/方法/方法

这是一项基于对二手资料进行演绎主题分析的叙事研究。本研究提供了关于财务会计使用限制及其对商业和社会影响的现有文献的一般概述。

发现

在理论基础上，本文将代理理论解释的财务会计与对话式会计方法进行了对比。本研究的结果强调需要为多数人（而非少数人）的利益建立一个会计框架，同时采用参与式和多元化的公司治理方法。最后，本文探讨了碳排放会计和最近的财务会计丑闻，以分析财务会计和报告在商业和社会中不当使用的影响。

原创性/价值

本文通过探讨财务会计的理论背景、框架和实用性，概述了财务会计使用的局限性。本文还讨论了对新的会计和公司治理框架的需求，这些框架允许采用多元化和参与性的方法进行公司决策。