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Accounting > Accounting Theory
The following information is about Accounting Theory.
Accounting Theory Defined
tries to describe the role of accounting and is composed of four types of accounting theory: classical inductive theoriesincome theoriesdecision usefulness theoriesand information economics / agency theories: a. Classical inductive theories are attempts to find the principles on which current accounting processes are based; b. Income theories try to identify the real profit of an organization; c. Decision usefulness theories attempt to describe accounting as a process of providing the relevant information to the relevant decision makers; andd. The information economics / agency theories of accounting see accounting information as a good to be traded between rational agents each acting in their own self-interest.
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Off-site Accounting Theory Links, User Submitted
The following links have been collected through user bookmark submission in the Accounting Theory category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Wed May 13
Mon May 11
- Benford's law - Wikipedia, the free encyclopedia: stribution that covers only one or two orders of magnitude, or less (e.g. heights of human adults, or IQ
Tue Nov 11
- DCF valuation: i feel that i need to learn more things like this.
Tue Nov 4
- Disruption City 2007: The Puritan Gift by Kenneth and William Hopper: Fuelling 17th century immigration (and French innovation) - "Business schools are asked to take it not only on the chin, but also in the belly, on the shins and in the balls" - "In building their analysis of failure, big names, even respected names, like Rosabeth Moss-Kanter, Michael Porter, IBM, General Electric, Roberto Goizueta, Stuart Saunders, McKinsey, Robert McNamara, Ray Gilmartin, Michael Jensen, and NASA are asked to file down the same corridors as Enron. Like it or not, agree with it or not, Part IV of this book, Collapse ? The Cult of the (So-called) Expert ? is a vivid, withering attack on what today passes as management and managerial excellence. Hauled centre stage at the outset is Frederick Winslow Taylor and the vines of ?Scientific Management? + the Civil Communications Section (CCS) and by Homer Sarasohn, Charles Protzman and Frank Polkinghorn - corruption through financial-engi neering - oddly, sounds a little off on Rumsfeld?
Sat Oct 4
- John Kay - Books: the good, the bad and the cheesy (May 2008): Asked to pick three classic business books he quickly lists Chandler, Drucker and Sloan - then, in a moment of reflection - "Only then did I notice that all three volumes are essentially about General Motors... The rise of the modern, professionally managed corporation, of which GM was a defining example" (was, click-whirr)
Fri Sep 12
- Theory of Constraints: It is based on the application of scientific principles and logic reasoning to guide human-based organizations. Related to throughput accounting.
Fri May 30
- Chet Richards » The sum of all its paradoxes - Respectfully challenging the status quo: Breaking out of a mindset of GameTheory TradeOffs with a provocative paradox, dissolving the need for resolution, rendering the old obsolete - it can't be done, experts know, up front, alas poor theory, repeatedly disproven, beginners, rewriting the books
Mon Apr 21
Sun Mar 16
- IFACnet - A KnowledgeNet for Professional Accountants: IFACnet is a global accountancy search engine designed specifically for professional accountants working in business, including accountants employed in commerce, industry, the public sector, education, and the not-for profit sector.
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