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Fredri

k Anna-Karin
1

Financial
Accounting and
Management
foritroi
The Tensions and Conflicts Between
Uniformity and Uniqueness

Springer

Fredrik Nilsson Anna-Karin


Stockenstrand

Financial Accounting
and
Management Control
The Tensions and Conflicts
Between
Uniformity and Uniqueness

Springer

Fredrik Nilsson

Department of Business
Studies Uppsala
University

Uppsala
Sweden Anna-Karin
Stockenstrand Department
of Business Studies
Uppsala University
Uppsala
Sweden

DOI I 0.1007/978-3-319- I
3782-7
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ISSN 1431-194
7161 (electronic)
lSBN 978-3-31943781-0
(eBook)

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!.-') Springer International


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Contents

1 The Objectives of Financial Accounting and


Management
Control .........................................................................................................
1.1 Introduction ........................................................................................
1.2 A Stakeholder Perspective
1+3 Stakeholders and Value Creation ...................................................
1 A Management Control and the Demand for
Uniqueness ,
1,5 Financial Accounting and the Demand for
Uniformity . . . .
1,6 The Tensions and Conflicts Between Uniformity
and
Uniqueness i . + + . . i . + + . i
4

9
+
+

r
1
b

F
1

r F
9 +
F

4
+

1 3 Purpose of the Book and Intended Readership .


4

12
1.8 A Note on Methodological Considerations ..................................
1.9 The Organimion of the Book .........................................................

2 Theoretical Foundations
2. l Introduction
2.2 The "Relevance Lost" Debate .........................................................
2..3 Introducing a New Financial Accounting Regime
in the EU .....................................................................................................
2.4 Models and Frameworks for Analysing and
Managing
Relationships Between Accounting Systems
2..4.1 The Performance Pyramid
2.4.2 The Balanced Scorecard ......................................................
2.4.3 Activity-Based Costing
14.4 The Corporate Responsibilities Continuum
..............................................................................................................
14.5 The Integrated Reporting Framework ...........................
2+4.6 The Taipaleenmaki and Ikalleimo
Framework _
2..5 Our Theoretical Framework ........................................................
2.5.1 Demands for Uniqueness ....................................................
2.5.2 Demands for Uniformity .....................................................
4

Contents

2+5.3 Possible Tensions and Conflicts Between


Uniformity
and Uniqueness .....................................................................
2..6
P

Conclusions and Implications . ,


!

p +

49

3 Financial Accounting Standards: Some Examples ...........................


3.1 Introduction
31 Segment Reporting
3.2.1 Background
3.2.2 Tensions and Conflicts Between
Uniformity
and Uniqueness .....................................................................
33 Goodwill Accounting ..........................................................................
3+3.1 Background .........................................................................
3 -3.2. Tensions and Conflicts Between
Uniformity
and Uniqueness .....................................................................
3.4 Business Combinations ...................................................................
3+4.1 Background

3+4.2 Tensions and Conflicts Between


Uniformity
and Uniqueness .....................................................................
3.5 Financial Instruments: Classification and
Measurement .............................................................................................
3+5,1 Background + + + + +
+a+a
66
3+5.2 Tensions and Conflicts Between
4 4 4 4 4 4

7P

IR

Uniformity and
Uniqueness
3.6 Conclusions and Implications

4 How Financial Accounting Affects Management

Control ..

4..1 Introduction ........................................................................................


4..2 Strategic Planning
4, .l
gment Reporting and Effects on Strategic

Planning,
4:2.2 Goodwill ..A..ccounting and Effects on
Strategic
Plannin2
4.2.3 Business Combinations and Effects on

Strategic
Planning .................................................................................
4.2.4 Financial Instruments and Effects on
Strategic
Planning
43 Budgeting
4,11 Segment Reporting and Effects on
Budgeting...........................................................................................
4.3.2 Goodwill Accounting and Effects on
Budgeting...........................................................................................
4+13 Business Combinations and Effects on
Budgeting
r

91
4+3.4 Financial In

and Effects on

Budgeting
4A Reporting and Analysis

92

4+4.1 Segment Reporting and Effects on


Reporting
and Analysis + F F

+ + + F

+ + + + F

4.4.2 Goodwill Accounting and Effects on


Reporting
and Analysis .......................................................................
4,4.3 Business Combinations and Effects on
Reporting
and Analysis + p
98
4.4.4 Financial Instruments and Effects on
Reporting and
4 R

Analysis

44

+ + + F

p l R

. 4

4 . F

xi

CcHitents

45 Rewards and Compensation


4.5,1 Segment Reporting and Effects on Rewards
and Compensation
+++

101
102

4.5.2 Goodwill and Effects on Rewards and Compensation . . . . 103

4.5.3 Business Combinations and Effects cm Rewards and


C o m p e n s a t i o n
1 0 5
4+5.4 Financial Instruments and Effects on Rewards and
C o m p e n s a t i o n
1 0 6
4.6 Conclusions and Implications ........................................................................108

5 Concluding Reflections .......................................................................................111


.5.1 I n trod uet i on
111
5.2 The Framework Revisited
+ ..............
, 112
5.2.1 Demands for Uniqueness
113
5+2.2 Demands for Uniformity
115
5+2.3 Tensions and Conflicts + . + + + + + + + +
117
5+3 R e l e v a n c e L o s t o r R e g a i n . e d ? ,
120
5.4 Conclusions and Implications ......................................................................124
+F hb

4 + P

References

4 . 1 + P

+ P 4

+ P . + +

P + 4

129