Towards A Meta Theory Of Accounting For Knowledge Management: Review The Realities To Stage The Critical Thinking Of Knowledge Business Model
الملخص
Knowledge management has always seen as an engine to convert
tacit knowledge into explicit. Knowledge assets are facilitators to make
such conversion. Knowledge management paradigm is a turning point in the
management theories of business. When such paradigm has business dominance,
it is time to question how to account for it ? Accounting for “how” and “why”
has been largely neglected by the professional bodies and scholars of accounting.
Accounting for knowledge management paradigm can be very critical in terms
of questioning some of the fundamental assumptions of financial statements.
The focus has been very narrow and anachronistic. Accounting for knowledge
management is a problematic issue warrant further investigations. Its involves
far more than the need to address the paradoxes and lacks of accounting model
and practices. The extension of institutional accounting theories highlights how
accounting against knowledge management is totally different from accounting
for operations? Yet, the failure is shaped by the areas of asset recognition and
the appropriateness of the going concern assumption. The virtue of conflict is
grounded in nature of key assets, materiality, agility, visibility, periodicity,
creativity, connectivity, interactivity, continuity, and survival. This paper argues
that accounting for knowledge management must be based on understanding the
dynamic nature of knowledge management. This paper contributes to accounting
literature by being the first to identify how knowledge management reality has
shaken the theoretical logic of accounting.