The Accounting Review Vol. 42 No. 1 1967
The Nature of Future Accounting Theory.
Abstract
The article focuses on the nature of future accounting theory. The scope and methods of accounting are changing and can be expected to continue to change in the future. The 1965-1966 Committee in Basic Accounting Association of the American Accounting Association examined ways and means by which accounting theory could facilitate the development. It concluded and means by which accounting theory could facilitate the development. It concluded that a tentative set of broad guidelines for future accounting research was appropriate. The Committee examined the basic nature of accounting, essentially, an information system. Accounting emerges as a part of the general information system of an operative entity and as a part of a basic field bounded by the concept of information, and academic research in both of these areas is appropriately within the scope of accounting research. The Committee noted certain developments in quantitative methods and behavioral sciences and recognized that the accounting discipline could be expanded either by absorbing the additional measurement technology with the discipline or by broadening the scope of activities upon which accounting reports.
- DOI
- 10.2308/tar-4484329
- Volume
- 42
- Issue
- 1
- Pages
- 82-85
- Language
- en
- Sources
- openalex crossref