Challenges facing accountants in the knowledge economy
Irene Fung
Australian National University, Canberra ACT
PP: 23
Abstract
This paper examines some areas where the conventional accounting system has failed to respond to the new requirements of the knowledge-based economy.
In particular, it has failed to deliver corporate strategies to complement the technological resources that may comprise the organization's chief source of competitive advantage. Some alternative practices used by some innovative firms are considered in this article.
Keywords
knowledge economy, technological innovation, strategic accounting principles
References
Australian Society of Certified Practising Accountants (1999) Strategic Management.
Australian Society of Certified Practising Accountants (1999) Knowledge Management: Issues, Practice and Innovation.
Australian Society of Certified Practising Accountants (1999) World Class Research & Development Management.
(1999) Budgets: The hidden barrier to success in the information age, Accounting and Business, March.
(1999) Budgets: How to manage without them, Accounting and Business, April.
Dodgson M (1999) The Management of Technological Innovation: An International & Strategic Approach, Australian National University, Canberra.
Hearne J (1999) Welcome to the Mew Age Management, Charter 70: March.
Petty R and Guthrie J (1999) Managing Intellectual Capital from Theory to Practice, Australian CPA, August.
Management Accounting Concepts (1998) International Federation of Accountants.
Wijewardena H and De Zoysa A (1999) Accounting Practice in Australia and Japan: An Empirical Investigation, The International Journal of Accounting 34.
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