Critical review of the role of accounting in the decision-making process

ABSTRACT PURPOSE This study aims to investigate the accounting role’s deficiencies in managers’ decision-making processes. DESIGN/METHODOLOGY/APPROACH The current research applies a critical

review method, which along with a deductive approach – based on a library review of existing sources – examines the underlying causes for the deficiencies of accounting role in the

decision-making process of managers; moreover, based on the results obtained, the current study proposes a structural model to explain the issue. FINDINGS The results exhibit the

inadequacies of the accounting role in the decision-making process of managers into three sections: “dilution of financial reporting information content,” “malpractice of accounting

information providers” and “managers’ unwillingness to use accounting information.” PRACTICAL IMPLICATIONS This research provides a new perspective on critical accounting studies for the

accounting profession, policymakers and managers and invites them to examine the roles of accounting information in more depth and breadth. ORIGINALITY/VALUE This article is the first study

that critically expounds upon the literature on the deficiencies of accounting role in the decision-making process of managers and presents these deficiencies in the form of a structural

model from three different perspectives. KEYWORDS CITATION Salehi, A.K. (2024), "Critical review of the role of accounting in the decision-making process", _Journal of Islamic

Accounting and Business Research_, Vol. 15 No. 2, pp. 244-264. https://doi.org/10.1108/JIABR-12-2021-0310 PUBLISHER : Emerald Publishing Limited Copyright © 2022, Emerald Publishing Limited