A1 Journal article (refereed)
Non-IFRS and changes in accounting institutions : Lessons from Nokia (2022)

Rautiainen, A., Järvenpää, M., & Mättö, T. (2022). Non-IFRS and changes in accounting institutions : Lessons from Nokia. Accounting History, 27(4), 524-548. https://doi.org/10.1177/10323732221094033

JYU authors or editors

Publication details

All authors or editorsRautiainen, Antti; Järvenpää, Marko; Mättö, Toni

Journal or seriesAccounting History



Publication year2022

Publication date18/05/2022


Issue number4

Pages range524-548

PublisherSAGE Publications

Publication countryUnited Kingdom

Publication languageEnglish


Publication open accessOpenly available

Publication channel open accessPartially open access channel

Publication is parallel published (JYX)https://jyx.jyu.fi/handle/123456789/81231


We analyse the lessons learned from Nokia to illustrate the changing focus in accounting and organisational practices that affect the perceptions of relevant accounting work and the key measures of success. In the course of an analysis covering 25 years, the introduction of management accounting innovations was first emphasised regarding managerial relevance but were later replaced by financial accounting emphasis and innovations (e.g. non-IFRS reporting). Our data includes public reports, newspaper articles and 21 interviews made between 1996 and 2019. We present a framework for analysing shifts in the focus of accounting. Our case analysis on changing accounting practices, on shifting perceptions of relevance and reliability, and on primary measures of success, contributes to understanding the focus of key accounting measures in historical developments regarding perceived success or failure, and in changing institutional practices in terms of ‘institutional work’, especially through valourizing either the actions or valourizing reports.

Keywordsaccountingfinancial statementsinternational financial accounting standardschangeinstitutions (social mechanisms)large enterprisesinternational corporationsinstitutionalism

Free keywordsaccounting; primary measures; change; institutions; work

Contributing organizations

Ministry reportingYes

Reporting Year2022

JUFO rating1

Last updated on 2024-14-06 at 23:26