The Accounting Review Vol. 37 No. 4 1962
A DEFENSE OF ACCOUNTING EDUCATION.
Abstract
The author in this article argues that accounting is a liberal arts form of discipline being offered by the colleges of business administration. Accounting is an art. In the process of income determination and asset valuation, one could allocate costs common to more than one period by treating the cost as a function of time, or of production, or of revenue. He insists that the choice and application of these varying principles or approaches is as much a form of art as can be found anywhere. The study of accounting is interdisciplinary rather than a specialization as are many of the other liberal arts subjects. Accounting is also an application of the discipline of mathematics. There has been much written about the need for mathematics as a tool for accounting in forecasting and decision making. In addition to the above, accounting is an application of other disciplines. Psychology is necessarily used to prepare meaningful statements, meaningful, that is, to their reader as well as to their preparer.
- DOI
- 10.2308/tar-7100514
- Volume
- 37
- Issue
- 4
- Pages
- 768-769
- Language
- en
- Sources
- openalex crossref