Fair value accounting and fair trade: an analysis of the role of international accounting standard no. 41 in social conflict

Elad, C. 2007. Fair value accounting and fair trade: an analysis of the role of international accounting standard no. 41 in social conflict. Socio-Economic Review. 5 (4), pp. 755-777.

TitleFair value accounting and fair trade: an analysis of the role of international accounting standard no. 41 in social conflict
AuthorsElad, C.
Abstract

The past decade has witnessed a proliferation of accounting pronouncements that indicate that accounting rule-makers around the world are progressively abandoning the traditional historic cost model and actively embracing the fair value paradigm. In this regard, Barlev and Haddad (2003) argued that fair value accounting has the capacity to enhance the stewardship function by providing relevant information to stakeholders, thus alleviating social conflict. It is contended here that far from reducing conflict and alienation in the agricultural sector, the fair value approach is underpinned by neoclassical economic ideals that are not conducive to emancipatory accounting. Drawing upon Marx's notion of commodity fetishism, this paper analyses the ideological role of International Accounting Standard (IAS) 41 in legitimating social conflict in the context of fair trade coffee and forestry companies that were compelled by domestic legislation to adopt a full-fledged fair value accounting model in conformity with structural adjustment reforms instituted by the World Bank.

JournalSocio-Economic Review
Journal citation5 (4), pp. 755-777
ISSN1475-1461
Year2007
PublisherOxford University Press
Digital Object Identifier (DOI)doi:10.1093/ser/mwm013
Publication dates
Published2007

Related outputs

Book review: International Classification of Financial Reporting, 3rd ed., Christopher W. Nobes. Routledge, Abington, UK (2014), (160 pages, £95), ISBN: 0415736935
Elad, C. 2016. Book review: International Classification of Financial Reporting, 3rd ed., Christopher W. Nobes. Routledge, Abington, UK (2014), (160 pages, £95), ISBN: 0415736935. International Journal of Accounting. 51 (1), pp. 149-152.

The Development of Accounting in the Franc Zone Countries in Africa
Elad, C. 2015. The Development of Accounting in the Franc Zone Countries in Africa. The International Journal of Accounting. 50 (1), pp. 75-100.

Le rôle du commissaire aux comptes dans la gouvernance de l’entreprise dans l’espace OHADA
Elad, C. and Ntsamo, C. 2014. Le rôle du commissaire aux comptes dans la gouvernance de l’entreprise dans l’espace OHADA. in: Zogning, F. and Dicko, S. (ed.) Investissement, financement et normalisation comptable dans l'espace OHADA : quelles leçons pour la gouvernance économique et financière Ottawa Parmitech. pp. 229-249

Forest certification and biodiversity accounting in the Congo basin countries
Elad, C. 2014. Forest certification and biodiversity accounting in the Congo basin countries. in: Jones, M. (ed.) Accounting for Biodiversity Abingdon, Oxon Routledge. pp. 189-211

Fair trade
Elad, C. 2012. Fair trade. in: Idowu, S.O., Capaldi, N., Zu, L. and Das Gupta, A. (ed.) Encyclopedia of corporate social responsibility Springer.

Implementing fair value accounting in the agricultural sector
Elad, C. and Herbohn, K. 2011. Implementing fair value accounting in the agricultural sector. Edinburgh Institute of Chartered Accountants of Scotland.

Editorial: African accounting studies
Elad, C. 2011. Editorial: African accounting studies. International Journal of Critical Accounting. 3 (2/3), pp. 129-132.

Seeing the wood for the trees
Elad, C. and Herbohn, K. 2011. Seeing the wood for the trees. The CA. 115 (1254), pp. 58-59.

Auditing, product certification, and corporate social responsibility
Elad, C. 2010. Auditing, product certification, and corporate social responsibility. in: Crowther, D. and Aras, G. (ed.) The Gower handbook of corporate governance and social responsibility Aldershot Gower. pp. 233-248

Bookkeeping and the probative value of accounting records: Savary’s legacy lingers on in the OHADA Treaty states
Elad, C. and Tumnde, M. 2009. Bookkeeping and the probative value of accounting records: Savary’s legacy lingers on in the OHADA Treaty states. International Journal of Critical Accounting. 1 (1/2), pp. 82-109.

Uniform Act Organizing and Harmonizing Accounting Systems in the Signatory States to the Treaty on the Harmonization of Business Law in Africa with Commentaries
Elad, C. and Tumnde, M. 2007. Uniform Act Organizing and Harmonizing Accounting Systems in the Signatory States to the Treaty on the Harmonization of Business Law in Africa with Commentaries. Centre National de la Recherche Scientifique, CNRS-Juriscope.

Mark-to-market accounting and fair trade
Elad, C. 2006. Mark-to-market accounting and fair trade. 18th Annual Meeting for the Society for the Advancement of Socio-Economics in Trier. Trier, Germany 30 Jun - 02 Jul

Fair value accounting in the agricultural sector: some implications for international accounting harmonization
Elad, C. 2004. Fair value accounting in the agricultural sector: some implications for international accounting harmonization. European Accounting Review. 13 (4), pp. 621-641.

Integrated accounting à la française
Elad, C. 2004. Integrated accounting à la française. in: Aisbitt, S. and Evans, L. (ed.) Developments in country studies in international accounting: Europe Edward Elgar. pp. 515-536

Forest stewardship audit
Elad, C. 2003. Forest stewardship audit. Financiële Studievereniging Rotterdam. 5 (5), pp. 6-12.

Auditing and governance in the forestry industry: between protest and professionalism
Elad, C. 2001. Auditing and governance in the forestry industry: between protest and professionalism. Critical Perspectives on Accounting. 12 (5), pp. 647-671.

Integrated accounting à la française: the perspective of the système croisé
Elad, C. 2000. Integrated accounting à la française: the perspective of the système croisé. Management Accounting Research. 11 (3), pp. 307-326.

Environmental accounting for sustainable development: an evaluation of policy and practice in the forestry sector in Cameroon
Elad, C. 2000. Environmental accounting for sustainable development: an evaluation of policy and practice in the forestry sector in Cameroon. London Chartered Institute of Management Accountants.

Permalink - https://westminsterresearch.westminster.ac.uk/item/91xqw/fair-value-accounting-and-fair-trade-an-analysis-of-the-role-of-international-accounting-standard-no-41-in-social-conflict


Share this
Tweet
Email