Towards the conceptualisation of flow in corporate financial reporting theory

dc.contributor.authorRehwinkel, A.
dc.contributor.authorGouws, Daan G.
dc.contributor.emaildaan.gouws@up.ac.zaen_ZA
dc.date.accessioned2016-02-12T13:09:44Z
dc.date.available2016-02-12T13:09:44Z
dc.date.issued2015-12
dc.description.abstractDevelopments in science, technology and sophisticated interconnected social networks increase the speed and volatility of the flow of economic-related energies, such as financial and intellectual capital. These developments require an information theory on corporate financial reporting that is stable at a fundamental level and focused on the disclosure of those systemic attributes that are pivotal to the sustenance of business entities operating in the global economy, or in economies with similar traits. The limited success in attaining stability is caused by, among others, the application of diverse, restricted and even opposing perspectives, resulting in random theoretical development, often unaligned with economic reality. The main aim of the article is to investigate whether the introduction of an underlying concept, principle or theorem, founded on the phenomenon of flow, to general-purpose corporate financial reporting theory could contribute to rendering stable guidance for coherent theoretical development while simultaneously enhancing alignment with the current global economy. As the study was conducted at conceptual level, a qualitative, transdisciplinary theoretical research methodology was applied by taking into account related basic concepts of philosophy, corporate financial reporting theory, economics, management accounting, physics and complexity. The study suggests that the conceptualisation of flow in general-purpose corporate financial reporting theory could contribute to rendering stable guidance for further coherent theoretical development, and improve on the alignment of the theory with the dynamics of the current global economy. This finding creates the opportunity to explore a variety of new reporting approaches from a scientific perspective, which could aid to enhance the disclosure of useful financial information.en_ZA
dc.description.librarianam2015en_ZA
dc.description.urihttp://www.td-sa.neten_ZA
dc.identifier.citationRehwinkel, A & Gouws, DG 2015, 'Towards the conceptualisation of flow in corporate financial reporting theory', TD The Journal for Transdisciplinary Research in Southern Africa, vol. 10, no. 3, pp. 149-170.en_ZA
dc.identifier.issn1817-4434
dc.identifier.urihttp://hdl.handle.net/2263/51360
dc.language.isoenen_ZA
dc.publisherVaal Triangle Faculty of Northwest University in South Africaen_ZA
dc.rightsVaal Triangle Faculty of Northwest University in South Africaen_ZA
dc.subjectComplexityen_ZA
dc.subjectCorporate financial reporting theoryen_ZA
dc.subjectEnergyen_ZA
dc.subjectEntropyen_ZA
dc.subjectFlowen_ZA
dc.titleTowards the conceptualisation of flow in corporate financial reporting theoryen_ZA
dc.typeArticleen_ZA

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