The Divergence and Convergence Of Financial Accounting and Management Accounting – Historical and International Perspectives from the U.S., Germany, and Finland - UTU Research Portal

A1 Refereed original research article in a scientific journal

The Divergence and Convergence Of Financial Accounting and Management Accounting – Historical and International Perspectives from the U.S., Germany, and Finland

Authors: Seppo Ikäheimo, Jani Taipaleenmäki

Publisher: Schäffer-Poeschel

Publication year: 2010

Journal: Betriebswirtschaft -Stuttgart-

Journal acronym: DBW

Volume: 70

Issue: 4

First page : 349

Last page: 368

Web address : http://dbwnet.de/?mod=docDetail&docID=2483_12

Abstract

The long-term development of financial (FA) and management accounting (MA) and their relationship in the U.S., Germany and Finland are analyzed in this paper through the framework of institutional theory. The findings indicate that the U.S. and Germany have developed independently unlike Finland, but during the digital era there seems to be a strong global trend of convergence of FA and MA.

Keywords: convergence, divergence, financial accounting, management accounting, industrial eras