The Accounting Review Vol. 33 No. 4 1958
ACCOUNTING RESEARCH.
Abstract
The article presents suggestions made by the author on the need for a critical reappraisal of the continued validity of the basic objectives of accounting and the methods on accounting. According to the author, new events have created new differences and inconsistencies in the meantime, there is general recognition that the areas of difference and inconsistency in financial reporting have been narrowed substantially in the last quarter century and that this could not have been achieved except through the acceptance of the concept of a body of generally accepted accounting principles as criteria. Present methods of accounting research give no opportunity to test new ideas, in fact, there is some justification for a belief that they tend to stifle creative thinking. The author has suggested that the development of accounting principles should be regarded as in the nature of pure research, an adequate research organization should be provided, the research organization should be staffed with personnel having proper academic and experience back-ground. Statements issued by the research organizations should be submitted for approval or rejection of basic ideas to the Council of the American Institute of Certified Public Accountants.
- DOI
- 10.2308/tar-7060718
- Volume
- 33
- Issue
- 4
- Pages
- 347-354
- Language
- en
- Sources
- openalex crossref