Accounting Theory Essay
When you consider the facts of this issue 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 information that is reliable, verifiable and precise. As well it is crucial those accountants are considered trustworthy and that the information can be confirmed by another source. Without this there is no future of accounting and …show more content…
Accountants need to use a measurement of value for the information they provide. However is money a fair value of measure? Value is an immensely complex concept. In today and in the future incomes will rise drastically creating the need to use a different measurement. Also if incomes are on the rise then why is happiness not on the rise at the same rate. Accountants need to consider this value measurement and the scientific based approach.
Accounting as an art certainly has its flaws. It gives the providers the chance to play with numbers to make them the best possible for its users. Is this a problem, the past says it can be, but it does not have to be.