The Accounting Review Vol. 50 No. 4 1975
Truth Versus ΦIKTION Versus Something.
Abstract
In this article, the author discusses about cost accounting by providing information about one of his friends Robin Stealall, a Congressperson in context of voting on pending Bill 382636, which concerned a ban on the use of plastic in spectacle lenses as part of increased efforts in petroleum resource conservation. Stealall wanted to make a conscientious and responsible choice in this matter. His own spectacles at that time had plastic lenses, so Stealall decided to collect some facts from accounting experts concerning those particular spectacle lenses. Stealall first flew to Houston for consultation with professor Robert Sterling, whose office door, Stealall discovered, bore the letters "TRUTH" in very huge capitals. Stealall curiously approached the bearded man behind the wire cage and asked for "TRUTH" concerning the plastic spectacle lenses. According to Sterling, the truth was that, the lenses have no value to anyone and their exit price was zero. In the same context, Sterling also explained Stealall about historical costs. Sterling also added that, the word "accounting" is only used in archeology now.
- DOI
- 10.2308/tar-4493783
- Volume
- 50
- Issue
- 4
- Pages
- 871-873
- Language
- en
- Sources
- openalex crossref