A history of Japanese accounting reforms as a microfoundation of the democratic socio-economy: Accountics Part II

Suzuki, Tomo (2007) A history of Japanese accounting reforms as a microfoundation of the democratic socio-economy: Accountics Part II. Accounting, Organizations and Society, 32 (6). pp. 543-575.

Abstract

Immediately after WWII, unlike statisticians’ reforms, accountants failed to establish the Cabinet-controlled
Accounting Committee and Accounting Law which were originally envisaged as the key to successful “Accountics”: the management of the socio-economy through standardized accounting (Part I). Nevertheless, July 1948 is regarded as the beginning of Japan’s accounting revolution, as academic accountants accomplished a series of fundamental reforms.
Part II examines the process through which micro financial systems were swiftly developed as a microfoundation of the
new “democratic” socio-economy. First, academics implemented new accounting for large companies in order to dilute the Zaibatsu- and Imperial-centred regime; followed by censored and standardized accounting education for SMEs and the public in order to change the public perception of the roles of businesses in society. The foci of examination are the political manoeuvres of reformers, the consequences of new accounting, and pragmatic philosophy of the academics in action. Towards the end of the paper, some implications of this history are considered in relation to the impacts of the IAS/IFRS on today’s international socio-economy.

Item Type: Article
Keywords: accountics; accounting history
Subject(s): Accounting
Centre: Faculty of Accounting
Date Deposited: 15 Sep 2011 09:18
Last Modified: 23 Oct 2015 14:05
URI: http://eureka.sbs.ox.ac.uk/id/eprint/901

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