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Ahmed Ali Mohammad
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SBE, Vol.20, No.1, 2017
ISSN 1818-1228
©Copyright 2017/College of Business and Economics,
Qatar University
in the field of accounting against knowledge
management. It’s describing the status quo
of accounting model and arguing how far is
accounting from knowledge. The key purpose
of this paper is to introduce set of the urgent
research questions related to accounting
against knowledge management. The research
question remains: is current accounting model
mature enough to account for knowledge?
An open question is: do we have a theory of
accounting against knowledge? If so, how
much perfect this model? Could the lacks
of knowledge necessities be explained by
inadequacy of accounting practices, or unique
characteristics of knowledge practices? What
is required to overcoming the paradoxes
associated with accounting against knowledge
management? These questions cannot be
answered by the current ignorance and weak
understanding of knowledge management.
This paper adopts the structural components
analysis methodology to attempt answering
those questions and to draw a proposed
accounting ontology against knowledge.
These structural components are acting as
important measures to gauge the availability
of existed accounting model to measure and
report knowledge business initiatives. This
paper contributes to the existing accounting
research in several ways: First, it contributes to
improve understanding of the current situation
of accounting against knowledge management
assumptions. Second, paradoxes and lacks
identified in this study provide insights into
the recognition and reporting problems of
accounting model. These identified problems
could be considered by various stakeholders,
regulators, and standards-setting bodies as
they may seek to improve accounting against
knowledge. Third, the lacks and critics
identified illustrate what required to re-
structuring a new accounting rules and practices
to match knowledge necessities. Finally,
this longitudinal analysis may contribute
to framework a new conceptual theory of
accounting for knowledge management. To
put this research paper into context, first both
the nexuses of knowledge management theory
and the realities of accounting model have
been discussed. Further, in-depth overviews of
the paradoxes and lacks of accounting model
have been summarized. Finally, the proposed
structure of meta-theory of accounting against
knowledge management has been presented.
II. Review of Literatures
2.1
Understanding knowledge management
nexuses
Knowledge-based economy is a reality.
Its unique dynamics, relationships, and
assumptions have set the basics of a new growth
theory (OECD, 1996). The new economic
game incorporates the role of both knowledge
and technology in driving productivity and
economic growth (Corrado et. al, 2006). The
emergence of knowledge-based economy
has laid the foundation stone of an effective
management of knowledge. Knowledge is not
just another resource like labor and capital,
but is the only important resource. Knowledge
management is a new technology rather
than any specific new science or invention
(Drucker 1985). Knowledge management is
one of three practices that have brought the
most unexperienced turns to business (Prusak,
2001). The essence of knowledge management
is to connect technology, process, and people
to leverage value creation (Omotayo, 2015).
Knowledge management is a value based rather
than value chain; customer success based nor
customer satisfaction; collaborative based not
competitive (Amidon, 2003). As consequence,
newways of doing business associatedwith new
business rules have been invented. However,
development of knowledge-based performance
has established new rules for gauging business