The Role of Accounting Conceptual Framework in Neoliberalism

Farhani Kautsar Nugraha; Ananta Wahyu Sasongko; Rizka Dibi Arryanti Saputri

doi:10.22219/jameela.v1i1.27922

Authors

Farhani Kautsar Nugraha Department of Digital Business, Tuban Institute of Technology and Business, Tuban Indonesia
Ananta Wahyu Sasongko Department of Accounting, Faculty of Economics and Business, University of Merdeka Malang, Malang, Indonesia
Rizka Dibi Arryanti Saputri Department of Retail Management, Tuban Institute of Technology and Business, Tuban Indonesia

DOI:

https://doi.org/10.22219/jameela.v1i1.27922

Keywords:

Accounting conceptual framework, Financial accounting standard, Neoliberalism

Abstract

Purpose: This article discusses the relationship between accounting regulations and neoliberalism. It will also discuss changes to the conceptual framework developed by the two financial accounting standard boards, namely the IASB and FASB.

Methodology/approach: This article uses a conceptual review paper methodology on accounting theories and existing research to analyzes the conceptual framework developed by the IASB and FASB.

Findings: The conceptual framework developed by the IASB and FASB plays a role in the survival of neoliberalism and the financialization of the capital market

Practical implications: This article presents a thorough overview of the primary concerns associated with accounting conceptual framework and contributes to the ongoing discussion on standard setting.

Originality/value: This paper offers an understanding of the key aspects of the accounting conceptual framework that are closely related to neoliberalism.