Liesel Klemcke
Liesel Klemcke

Much of accounting research implies that someone uses financial statements in making investment decisions, and assumes that the ones using the statements are financial analysts, investment bankers, fund managers, or the rational economic decision maker. However, these assumptions do not consider all potential investors, particularly those who have traditionally lacked access to information and technical savvy.

This financial statement user, whilst seemingly fringe, make appearances throughout the development of regulated financial reporting, and is camouflaged in the conceptual framework.

Different conceptualizations

This thesis explores the possibility of another financial statement user, who is different from the usual taken for granted analyst or a rational economic decision maker. Conducting an historical study into the origins of regulated financial reporting in tandem with the development of the accounting profession, Liesel Klemcke locate the sites where financial reporting transforms and allows for different conceptualizations of the user.

This study of the financial statement user is a genealogy that utilizes a coproductionist approach that considers the influence of the decision useful concept in tandem with the role of the accounting profession in the development of both regulated financial reporting and the financial statement user.

Great impact

In the process of seeking out another user, this thesis reveals findings about how both the user matters to accounting and that this other user, or the quirky character camouflaged in the conceptual framework has greatly impacted the accounting profession, accounting concepts, the capital market, and a controversial accounting principle still in use today.

This thesis explores the possibility of another financial statement user. This thesis reveals findings about how the user matters to accounting and that this other user, or the quirky character camouflaged in the conceptual framework has greatly impacted the accounting profession, accounting concepts, the capital market, and a controversial accounting principle still in use today.

Read Liesel Klemckes dissertation in full text here: "The Quirky Character Camouflaged in the Conceptual Framework – A study of the financial statement user.".