{"id":2967,"date":"2022-02-03T11:25:08","date_gmt":"2022-02-03T10:25:08","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=2967"},"modified":"2022-02-03T12:06:33","modified_gmt":"2022-02-03T11:06:33","slug":"is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2022\/02\/03\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\/","title":{"rendered":"Is risk reporting a possible link between financial and management accounting in private firms?"},"content":{"rendered":"<p>Chiara Crovini, Giovanni Ossola \/ Financial Reporting \/ 1-2021<\/p>\n<hr \/>\n<p>This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm sector as private firms represent the backbone of the economic system of several countries and little is known about financial and non-financial reporting. Drawing on the neo- Durkheimian institutional theory, this paper develops a conceptual framing that considers risk as an embedded element of the business domain and risk reporting as a direct outcome of the convergence between MA and FA in private firms. Furthermore, the neo-Durkheimian institutional theory emphasizes that the owners and managers\u2019 risk attitude is a crucial element affecting risk disclosure, especially in private firms.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<div class=\"fusion-button-wrapper fusion-aligncenter\"><style type=\"text\/css\" scoped=\"scoped\">.fusion-button.button-1 .fusion-button-text, .fusion-button.button-1 i {color:#ffffff;}.fusion-button.button-1 {border-width:0px;border-color:#ffffff;}.fusion-button.button-1 .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-text, .fusion-button.button-1:hover i,.fusion-button.button-1:focus .fusion-button-text, .fusion-button.button-1:focus i,.fusion-button.button-1:active .fusion-button-text, .fusion-button.button-1:active{color:#ffffff;}.fusion-button.button-1:hover, .fusion-button.button-1:focus, .fusion-button.button-1:active{border-width:0px;border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:active .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1{width:auto;}<\/style><a class=\"fusion-button button-flat fusion-button-round button-large button-default button-1\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.francoangeli.it\/riviste\/SchedaRivista.aspx?IDArticolo=68859&amp;Tipo=Articolo%20PDF&amp;lingua=it&amp;idRivista=163\"><span class=\"fusion-button-text\">Read Article<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chiara Crovini, Giovanni Ossola \/ Financial Reporting \/ 1-2021 This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30,1],"tags":[454,281,61,47,148,175],"class_list":["post-2967","post","type-post","status-publish","format-quote","hentry","category-browse-the-journal","category-financial-reporting","tag-financial-accounting","tag-management-accounting","tag-non-financial-information","tag-private-firms","tag-risk","tag-risk-reporting","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is risk reporting a possible link between financial and management accounting in private firms? | Financial Reporting Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frjournal.eu\/journal\/2022\/02\/03\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is risk reporting a possible link between financial and management accounting in private firms? | Financial Reporting Journal\" \/>\n<meta property=\"og:description\" content=\"Chiara Crovini, Giovanni Ossola \/ Financial Reporting \/ 1-2021 This study represents a theoretical analysis with the purpose to continue the discussion on the relationship between management accounting (MA) and financial accounting (FA), by concentrating on the role of risk reporting as a possible manifestation of their convergence. Moreover, the analysis focuses on the private-firm [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frjournal.eu\/journal\/2022\/02\/03\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Reporting Journal\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-03T10:25:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-03T11:06:33+00:00\" \/>\n<meta name=\"author\" content=\"Laura Bini\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Bini\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/\"},\"author\":{\"name\":\"Laura Bini\",\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/#\\\/schema\\\/person\\\/d92fb46103bc536c63f8000f2cb595ac\"},\"headline\":\"Is risk reporting a possible link between financial and management accounting in private firms?\",\"datePublished\":\"2022-02-03T10:25:08+00:00\",\"dateModified\":\"2022-02-03T11:06:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/\"},\"wordCount\":244,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/#organization\"},\"keywords\":[\"financial accounting\",\"management accounting\",\"non-financial information\",\"private firms\",\"risk\",\"risk reporting\"],\"articleSection\":[\"Browse the Journal\",\"Financial Reporting\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/\",\"url\":\"https:\\\/\\\/frjournal.eu\\\/journal\\\/2022\\\/02\\\/03\\\/is-risk-reporting-a-possible-link-between-financial-and-management-accounting-in-private-firms\\\/\",\"name\":\"Is risk reporting a possible link between financial and management accounting in private firms? 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