Towards Expanding the Frontiers of Accounting Knowledge: Imperative for Practitioners Accommodation
This study explored the role of accounting professional practice in shaping the expansion of the frontiers of accounting knowledge. This was based on the reality and imminence of the threat posed by developments in artificial intelligence, premised on tech-developmental disruptions, the gap between accounting theoreticians and practitioners, and accounting’s back-lead in new knowledge development and application. As gleaned from the preponderance of theoretical evidence, which underscores practitioners’ continuing preference for normative, descriptive, and immediate problem-resolution research, the study concludes that expanding the frontiers of accounting knowledge has been budged down, by the limited scope of practice accommodation given to new knowledge deployment. Thus, for as long as practitioners foreclose new knowledge deployment, a consummate expansion of the accounting knowledge base cannot be actualised. Accounting would continue to blaze the backward-trail in new knowledge development, relative to other academic disciplines and professional practice. Therefore, accounting practitioners must be willing to accommodate knowledge expansion in light of society’s continued advancement. While, at the same time, researchers must indulge practitioners in a gradual shift to new research output indulgence, so as not to cause too much dislocation. Again, practitioners, for the sake of saving the accounting field, should be willing to fund futuristic research. Finally, accounting practitioners should be prepared to accommodate some degree of risk arising from new knowledge deployment.
Towards Expanding the Frontiers of Accounting Knowledge: Imperative for Practitioners Accommodation, Journal of Finance and Accounting.
Vol. 8, No. 2,
2020, pp. 73-82.
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