The aura of accounting in the context of a crisis: Germany and the first world war

Abstract

Accounting reports have been depicted in the literature as ideological, conflict-resolving practices in capitalistic society. Employing insights from critical theory, this theme is developed in the present analysis through a theorizing of the conflict-enhancing potential of accounting, particularly in a crisis situation. Accounting is understood to possess an aura in the context of the hegemony of capitalist society which, on its transformation, can engender consequences disturbing rather than stabilizing for a prevalent capitalistic order. An illustration is provided through an analysis of developments in Germany up to the aftermath of the First World War. The awareness created by the theoretical analysis hopefully serves to enhance the social analysis of accounting.