Accounting Theory Essay -- essays research papers

Accounting is in the current state of being an art. It is referred to as a social science, but the question that still remains in view today is should accounting be an art or should it actually be a science? Although the move to scientific based accounting would be desirable in todays society it is not possible. When you consider the facts of this come in a true debate style, the scientific based approach does not work and cannot do today what the current system does for its users.Accountants provide discipline that is reliable, verifiable and precise. As well it is crucial those accountants are considered trustworthy and that the training can be confirmed by another source. Without this there is no hereafter of accounting and there would have never been a past. Accounting is left open to interpretation to those who need to view the information. Many different people feel at accounting information, many different cultures, organizations and ethnic groups use this information fo r different reasons. To make accounting scientific based makes it one set or rules, a set of laws to follow by. If you held a gun to a scientist and said make the step on it of light faster he could not change the speed of light, because it is a scientific based law. One set of properties defines that law. In accounting we need different information for different situations. Internal departments require different information then external and as such their needs to be different rules and guidelines. ...