Desperately seeking standards
13 September 2012
Finding a definitive theory of accounting is probably an impossible task, but it can still be a productive process.
Some lines of enquiry are generally more appropriate to philosophers than accountants, but there are nonetheless occasions when we can benefit from asking more reflective questions about what we do.
It is worth examining the problems that accountants face in trying to analyse the concept of financial reporting - in other words, in trying to produce a theory of...