The Accounting Review Vol. 53 No. 3 1978
Where We Are in Accounting: A Review of "Statement on Accounting Theory and Theory Acceptance".
Abstract
The article presents a review of the document "Statement on Accounting Theory and Theory Acceptance," published in the 1977 issue of the journal "The Accounting Review." Beginning with the 1930's, the American Accounting Association (AAA) has endeavored to publish at least one comprehensive statement in the area of accounting theory each decade. Logistically, this enterprise has been carried out by a series of committees drawn from the Association's more prominent members. During this same period, the Committee on Accounting Procedure, the Accounting Principles Board, and the Financial Accounting Standards Board, in turn, have formally represented the much larger practicing arm of the profession in its self-regulatory determination of standards governing accounting practice. It is clearly not that membership in academia and/or the AAA has precluded one from an active role in accounting rule making, professors of accounting have regularly been called on to serve in this capacity. A more likely reason is that the AAA, through its collective membership, is, from the inside at least, viewed as being in a unique position to give advice on practical accounting theory, whether that advice is solicited or not.'
- DOI
- 10.2308/tar-4485878
- Volume
- 53
- Issue
- 3
- Pages
- 717-725
- Language
- en
- Sources
- openalex crossref