Dr Elina Varoutsa
BSc (Hons), MSc, PhD, FHEA
- Available for postgraduate supervision
Teams and roles for Elina Varoutsa
Senior Lecturer in Accounting
Overview
I am a member of the Accounting and Finance section at Cardiff Business School, where I’ve been since 2014. Prior to this, I held a lectureship at Surrey Business School. I earned my PhD in Management Accounting from the Alliance Manchester Business School, University of Manchester, where I also completed my Master’s degree. My academic journey began with a Bachelor’s degree in Business Administration from the Athens University of Economics and Business. I am a Fellow of the Higher Education Academy.
My research focused on management and critical accounting, with a strong emphasis on public value and impact. As a qualitative researcher, with an interdisciplinary approach, I explore management accounting and control within various contexts, beyond the traditional boundaries of management accounting, drawing on and contributing to critical accounting, sociology, and marketing.
Currently, I’m involved in several projects, including:
- Evaluating inclusive employment initiatives
- Investigating impact measurement practices in charities,
- Exploring risk management in the UK financial sector, and
- Examining mechanisms to address employee-based racial discrimination.
In 2025, I was awarded the UKRI’s newly established and highly competitive “Creating Opportunities through Local Innovation Fellowship” (COLIF) as the Principal Investigator. The fellowship explores the effectiveness of local initiatives in creating more inclusive employment and to develop recommendations to tackle inequalities and address barriers.
I have an extensive teaching experience in various Accounting across undergraduate, postgraduate (MSc) and MBA levels. I also serve as the Admissions Tutor for the postgraduate Accounting and Finance programmes, and the Year 1 Exam Board Chair. Since 2020, I’ve also been a Trustee and the Honorary Treasurer of the Management Control Association.
Publication
2024
- Dhanani, A., Chaidali, P., Sharma, N. and Varoutsa, E. 2024. Responding to employee-based race inequalities in National Health Service (England): accountability and the Workforce Race Equality Standard. Accounting, Auditing & Accountability Journal 37(7/8), pp. 1665-1694. (10.1108/AAAJ-08-2023-6621)
- Chaidali, P., Cordery, C., Dhanani, A., Varoutsa, E. and Woodward, J. 2024. Charity impact reporting: Informing the forthcoming Charities Statement of Recommended Practice - Phase Two Report. Project Report. [Online]. ICAS. Available at: https://www.icas.com/news-insights-events/documents/charity-impact-reporting-informing-the-forthcoming-charities-statement-of-recommended-practice
2022
- Chaidali, P., Cordery, C., Dhanani, A. and Varoutsa, E. 2022. Charity impact reporting: Informing the forthcoming SORP. Project Report. [Online]. ICAS. Available at: https://www.icas.com/news-insights-events/documents/charity-impact-reporting-informing-the-forthcoming-charities-statement-of-recommended-practice
2020
- Soin, K., Varoutsa, E. and Taylor, L. 2020. Blurred lines. Enterprise Risk: The official magazine of The Institute of Risk Management Summer, pp. 28-29.
2018
- Varoutsa, E. and Scapens, R. W. 2018. Trust and control in evolving inter-organisational relationships: evidence from the aerospace industry. Accounting, Auditing and Accountability Journal 31(1), pp. 112-140. (10.1108/AAAJ-02-2013-1218)
2015
- Varoutsa, E. and Scapens, R. W. 2015. The governance of inter-organisational relationships during different supply chain maturity phases. Industrial Marketing Management 46, pp. 68-82. (10.1016/j.indmarman.2015.01.006)
2010
- Scapens, R. W. and Varoutsa, E. 2010. Accounting in inter-organisational relationships - the institutional theory perspective. In: Håkansson, H., Kraus, K. and Lind, J. eds. Accounting in Networks. [New York, NY]. Routledge, pp. 314-341.
Articles
- Dhanani, A., Chaidali, P., Sharma, N. and Varoutsa, E. 2024. Responding to employee-based race inequalities in National Health Service (England): accountability and the Workforce Race Equality Standard. Accounting, Auditing & Accountability Journal 37(7/8), pp. 1665-1694. (10.1108/AAAJ-08-2023-6621)
- Soin, K., Varoutsa, E. and Taylor, L. 2020. Blurred lines. Enterprise Risk: The official magazine of The Institute of Risk Management Summer, pp. 28-29.
- Varoutsa, E. and Scapens, R. W. 2018. Trust and control in evolving inter-organisational relationships: evidence from the aerospace industry. Accounting, Auditing and Accountability Journal 31(1), pp. 112-140. (10.1108/AAAJ-02-2013-1218)
- Varoutsa, E. and Scapens, R. W. 2015. The governance of inter-organisational relationships during different supply chain maturity phases. Industrial Marketing Management 46, pp. 68-82. (10.1016/j.indmarman.2015.01.006)
Book sections
- Scapens, R. W. and Varoutsa, E. 2010. Accounting in inter-organisational relationships - the institutional theory perspective. In: Håkansson, H., Kraus, K. and Lind, J. eds. Accounting in Networks. [New York, NY]. Routledge, pp. 314-341.
Monographs
- Chaidali, P., Cordery, C., Dhanani, A., Varoutsa, E. and Woodward, J. 2024. Charity impact reporting: Informing the forthcoming Charities Statement of Recommended Practice - Phase Two Report. Project Report. [Online]. ICAS. Available at: https://www.icas.com/news-insights-events/documents/charity-impact-reporting-informing-the-forthcoming-charities-statement-of-recommended-practice
- Chaidali, P., Cordery, C., Dhanani, A. and Varoutsa, E. 2022. Charity impact reporting: Informing the forthcoming SORP. Project Report. [Online]. ICAS. Available at: https://www.icas.com/news-insights-events/documents/charity-impact-reporting-informing-the-forthcoming-charities-statement-of-recommended-practice
- Varoutsa, E. and Scapens, R. W. 2018. Trust and control in evolving inter-organisational relationships: evidence from the aerospace industry. Accounting, Auditing and Accountability Journal 31(1), pp. 112-140. (10.1108/AAAJ-02-2013-1218)
- Varoutsa, E. and Scapens, R. W. 2015. The governance of inter-organisational relationships during different supply chain maturity phases. Industrial Marketing Management 46, pp. 68-82. (10.1016/j.indmarman.2015.01.006)
- Scapens, R. W. and Varoutsa, E. 2010. Accounting in inter-organisational relationships - the institutional theory perspective. In: Håkansson, H., Kraus, K. and Lind, J. eds. Accounting in Networks. [New York, NY]. Routledge, pp. 314-341.
Research
Research interests
Inclusive employment
Charities impact measurement and reporting
Race and accountability
Management control and risk management
Risk management frameworks in the financial industry
Management control systems
Teaching
Teaching commitments
- Foundations of Business Accounting (UG, co-module leader)
- Management Accounting and Control (UG, co-module leader)
Prior teaching experience includes:
- Financial Analysis and Control (MBA); Advance Management Accounting (PG); Accounting for Non-Specialists (PG) Auditing and Assurance (UG); Introduction to Accounting (UG); Intermediate Management Accounting (UG); Managenent Accounting and Control of Organizational Performance (PG); Research Topics in Accounting (PG)
Biography
Qualifications
- PhD in Management Accounting (Alliance Manchester Business School, The University of Manchester)
- Postgraduate Certificate in Academic Practice (The University of Surrey)
- MSc in Accounting and Finance (Alliance Manchester Business School, The University of Manchester)
- BSc in Business Administration (Athens University of Business and Economics)
Supervisions
Performance measurements; charities impact measurement and reporting
Past projects
Co-Supervisor for Lian Zhong - Competing on digitalization transformation: the relation between enterprise resource planning, management control systems and dynamic capabilities. Awarded in 2021
Contact Details
+44 29208 70638
Aberconway Building, Room R28, Colum Road, Cathays, Cardiff, CF10 3EU