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ERIC Number: EJ1109666
Record Type: Journal
Publication Date: 2011
Pages: 5
Abstractor: ERIC
ISSN: ISSN-0963-9284
Is "Economia Aziendale" Research Programme "Fit for Purpose"? A Commentary on "Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis"
Galassi, Giuseppe
Accounting Education, v20 n5 p505-509 2011
In his commentary, from the perspective of a professor who has spent a lifetime in a highly vocational scientific field like accounting and business economics, Giuseppe Galassi puts forth an alternate proposal to the one suggested in Bloom and Webinger's (2011) article. Bloom and Webinger suggest that disciplines, including management, economics, banking, finance, and so on, interface with accounting and, therefore, students must be conversant with many other disciplines. In order to prevent future crises of this magnitude, the main approach proposed by Bloom and Webinger is to develop in business schools "cross-disciplinary courses, including the GFC" (p. 470), because the motives underlying the crisis are tightly connected also with accounting, reporting and express the integration of accounting with all the other moments of business life. However, from Galassi's perspective, in order to facilitate the critical thinking, proactive engagement and interdisciplinary learning of students, it is not sufficient to undertake courses in different business disciplines; it is also necessary to offer, as a prerequisite, an overall course in "entity economics," "economia aziendale," a kind of super system in which accounting is embedded. "Economia aziendale" is an overall theory which regards economic entities, "aziende," as complex wholes; it has, therefore, to consist of specific but interconnected branches and aims at investigating the entity's whole complexity. Galassi concludes that accounting education needs to extend beyond the traditional focus on developing accounting culture and skills. Accounting in a narrow sense offers a picture of "reality" (an aspect among many interrelated) simply from a very specific point of view that requires sufficient clarification to become relevant and practically useful. Only a pluralistic and a well-integrated approach will enable accounting graduates and professionals to satisfy the demands of the future. [This article responds to Robert Bloom and Mariah Webinger's "Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis" v20 n5 p469-494 2011 (EJ1109610).]
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Publication Type: Journal Articles; Reports - Evaluative; Opinion Papers
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A