Morality in Accounting

By Ahmed Riahi-Belkaoui | Go to book overview

The failure to capture the truth argues for the unscientific nature of accounting. The argument against the notion of accounting as a science capable of delivering the truth was made very early by A. C. Littleton as follows:

It is clear that accounting theory cannot justifiably be said to consist of scientific explanation. There are no immutable laws of accountancy comparable to the immutable laws of nature; there are no laboratory tests and controlled experiments to yield data which may be set up as mathematical formulas to express existing relationships. 99

The accounting discipline is indeed socially constructed, and has no immutable laws or truths. 100 The man-made rules in accounting rely on judgment process for both the preparation and use of accounting information.


NOTES
1.
Kenneth MacNeal, Truth in Accounting ( Houston: Scholars Book Co., 1939), p. vii.
2.
John Hospers, An Introduction to Philosophical Analysis, 2nd ed. (Englewood Cliffs, N.J.: Prentice-Hall, 1967), pp. 115-122.
3.
A. C. Ewing, The Fundamental Questions of Philosophy ( New York: Macmillan, 1951), pp. 54-55.
4.
Hospers, An Introduction to Philosophical Analysis, p. 121.
5.
A. M.C. Morison, "The Role of the Reporting Accountant Today," in W. T. Baxter and S. Davidson (eds.), Studies in Accounting ( London: Institute of Chartered Accountants in England and Wales, 1977), p. 271.
7.
Financial Accounting Standards Board, Statement of Financial Accounting Concepts.
8.
Eldon S. Hendriksen, Accounting Theory, 3rd ed. ( Homewood, Ill.: Richard D. Irwin, 1977), p. 128.
9.
W. A. Paton, and A. C. Littleton, An Introduction to Corporate Accounting Standards ( Sarasota, Fla.: American Accounting Association, 1955), pp. 18-21.
10.
Norton M. Bedford, Extensions in Accounting Disclosures (Englewood Cliffs, N.J.: Prentice-Hall, 1973), p. 158.
11.
Committee on Accounting Valuation Bases, "Report of the Committee on Valuation Bases," The Accounting Review, Supplement to Vol. 47 ( 1972), p. 562.
13.
Statement of Accounting Theory and Theory Acceptance ( Sarasota, Fla.: American Accounting Association, 1977), p. 16.
14.
Y. Ijiri, and R. K. Jaedicke, "Reliability and Objectivity of Accounting Measurements," The Accounting Review ( July 1966), pp. 480-483.
15.
Committee on Accounting Valuation Bases, "Report of the Committee on Valuation Bases," p. 563.
17.
Yuji Ijiri, "Theory of Accounting Measurement," Studies in Accounting Research No. 1 ( Sarasota, Fla.: American Accounting Association, 1975), p. 39.

-202-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Morality in Accounting
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Preface ix
  • 1 - Fairness as a Concept of Justice in Accounting 1
  • 2 - Ethics in Accounting 25
  • 3 - Examples of Ethical Issues and Cases 75
  • 4 - Honesty in the Accounting Environment 119
  • 5 - Accounting and Social Responsibility 149
  • 6 - Truth in Accounting 177
  • Conclusions 201
  • Notes 202
  • Bibliography 206
  • Index 209
  • About the Author 213
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 216

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.