Search results
Results From The WOW.Com Content Network
Critique of Accounting: Examination of the Foundations and Normative Structure of an Applied Discipline. Praeger Pub Text, 1995. Mattessich, Richard. The Beginnings of Accounting and Accounting Thought: Accounting Practice in the Middle East (8000 BC to 2000 BC) and Accounting Thought in India (300 BC and the Middle Ages). Taylor & Francis, 2000.
The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
In the philosophy of economics, economics is often divided into positive (or descriptive) and normative (or prescriptive) economics. Positive economics focuses on the description, quantification and explanation of economic phenomena, [ 1 ] while normative economics discusses prescriptions for what actions individuals or societies should or ...
The use of normativity and normative theory in the study of politics has been questioned, particularly since the rise in popularity of logical positivism. It has been suggested by some that normative theory is not appropriate to be used in the study of politics, because of its value based nature, and a positive, value neutral approach should be ...
The philosophy of accounting is the conceptual framework for the professional preparation and auditing of financial statements and accounts.The issues which arise include the difficulty of establishing a true and fair value of an enterprise and its assets; the moral basis of disclosure and discretion; the standards and laws required to satisfy the political needs of investors, employees and ...
Positive accounting emerged with empirical studies that proliferated in accounting in the late 1960s. It was organized as an academic school of thought of discipline by the work of Ross Watts and Jerold Zimmerman (in 1978 and 1986) at the William E. Simon School of Business Administration at the University of Rochester, and by the founding of the Journal of Accounting and Economics in 1979.
There is also the theory that adding to the price of a luxury product increases its exchange-value by mere prestige. The labor theory as an explanation for value contrasts with the subjective theory of value, which says that value of a good is not determined by how much labor was put into it but by its usefulness in satisfying a want and its ...
Without foundational principles, managers and accounting professionals have no consistent footing on which to challenge or evaluate new theories of methods for managerial costing. [3] Some management accounting methods are designed primarily to serve and comply with financial accountancy guidelines. The importance of having distinct and ...