The Accounting Review Vol. 46 No. 1 1971
The Accounting Model from an Information Systems Perspective.
Abstract
A professional paper recently examined some of the economic considerations of a statement prepared by the American Accounting Association's Committee on Basic Accounting Theory. It represented the accounting function by an information economic model embodying a utility function of a user. The article examines this Committee's statement from a more fundamental perspective with a focus on the particular statement that accounting is an information system. Specifically, the analysis consists of four parts. First, an overview of information theory is presented. Second, a concept of formal information systems is developed. This will include a differentiation between information theory and information systems and the identification of the critical elements in formal information systems. Third, two generalized models of accounting theory are presented which culminate with a model embodying the critical elements in formal information systems. Finally, the insights gained from the latter model are used to indicate research areas in accounting theory.
- DOI
- 10.2308/tar-4482494
- Volume
- 46
- Issue
- 1
- Pages
- 75-89
- Language
- en
- Sources
- crossref openalex