Contextual Influences In Accounting

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it might be said: 'Tutorials 2, 5 and 12 have definitely helped me develop a broader conception of the context that I come from. Originally when considering context I would focus primarily upon the cultural/social, economic, personal and ethical aspects. Other essential contextual influences such as political, technological and ethical influences were often missing from my critical analysis. I believe that this is partly because as you go through an accounting degree it can be very easy to focus only on the rules and technicalities. However, this will lead a person to lose sight of other contextual influences that can help provide a more holistic understanding of the accounting process and its place in the world.

The context that I come
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The reason for this is because if the university does not meet the requirements of the accounting bodies, then students upon graduation will not be eligible for the CA/CPA programs that will ultimately get them accredited.

The technological context that I have grown in has been one of constant change and development. As with many other professions, technological advancements have changed the nature of work that accountants do, with many of the data input processes that needed to be performed manually now done automatically through cloud accounting. As new software comes into play, the accounting profession will continue to transform and the technological context that I have grown in will definitely help me to adapt to these changes.

Political context underlies most of the other contextual aspects being that it influences both their nature and potential development. As technological advancements make the world evermore interlinked, globalization will continue to gain momentum and the impact of political influences will not always be limited to a particular geographic region. Such barriers are not as clear as they once were and the tutorial 2 engagement activity really helped nail this point
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I previously mentioned how tutorial 2 and tutorial 5 helped me gain a greater understanding of the political, economic, educational, ethical and personal contexts. Tutorial 12 helped me bring all of this together by looking at the IIRC Consultation Draft.

The IIRC framework recognizes six capitals: financial, manufactured, intellectual, human, natural and social/relationship capital. These new additions to the framework are quite encouraging and could represent the dawn of a new era for the accounting profession. Nevertheless, it should be noted that there are various political, economic and regulatory influences that might try to derail this movement.

The six capitals are also discussed in Jane Gleeson-White’s most recent novel in which she details how she believes that accountants will save the world (Laughlin 2011, p. 21). Prior to studying this unit, my view of accountants was that they were on a quest to quantify the world in an attempt to save it. However, at the end of this unit I have come to the conclusion that saving the world is a team effort and that quantifying everything is not the solution to the world’s

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