The Stewardship Concept

  • Roy Mohon
Part of the Issues in Business Ethics book series (IBET, volume 12)


Analysis of the stewardship concept as found in the accountant’s world locates our preliminary analysis in the practitioner’s world. The two main branches of accounting are financial accounting and (cost and) management accounting[1] The former addresses the past, whereas the latter addresses the present and future. Financial accounting reports on what has happened, whereas management accounting provides information to determine actions for success. Management accounting provides information to managers for planning, decision and control, whereas financial accounting provides information for investors and other stakeholders including lenders and creditors. There is overlap. Performance appraisal by the management accountant uses final accounts prepared by the financial accountant. Both branches have a planning and decision aspect but at different levels. Management accounting’s management information system enables managerial planning and decision, whereas financial accounting reports help shareholders make decisions about future investment. Approaches to the function and concepts of accounting thus require some flexibility.


Corporate Social Responsibility Business Ethic Social Responsibility Agency Theory Profit Maximization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Roy Mohon
    • 1
  1. 1.University of SunderlandSunderlandUK

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