Accounting theory: missing in action? Little has changed in the 500 years since Luca Pacioli introduced accounting "theory" by describing the ... article from: Management Accounting Quarterly

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From the author: What is accounting theory? And where is it? Accounting theory seems similar in some respects to generally accepted accounting principles--we know it exists, but no single source defines and enumerates it. Even in our doctoral programs, where one would expect accounting theory to be studied and promulgated, little evidence exists that accounting theory consists of anything more than a cursory review of current FASB issues or economic transactions and firm value. Based on our recent review of 88 accounting doctoral-granting institutions in the United States, we identify several different approaches to teaching accounting theory that have been or currently are used in accounting doctoral curricula.

Citation Details
Title: Accounting theory: missing in action? Little has changed in the 500 years since Luca Pacioli introduced accounting "theory" by describing the accounting practices in use at the time and explaining the rationale behind the methods.(Survey)
Author: G.R., Jr. Cluskey
Publication:Management Accounting Quarterly (Magazine/Journal)
Date: January 1, 2007
Publisher: Institute of Management Accountants
Volume: 8 Issue: 2 Page: 24

Article Type: Survey

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