ch01 - ACCOUNTING THEORY: TEXT AND READINGS RICHARD G....

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ACCOUNTING THEORY: TEXT AND READINGS RICHARD G. SCHROEDER MYRTLE CLARK JACK CATHEY
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CHAPTER 1 THE DEVELOPMENT OF ACCOUNTING THEORY
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Introduction What is theory? Webster defines theory as: “Systematically organized knowledge, applicable in a relatively wide variety of circumstances, a system of assumptions, accepted principles and rules of procedure to analyze, predict or otherwise explain the nature of behavior of a specified set of phenomena.” Normative theory Positive theory Why is the development of a general theory of accounting important? What is the relationship of accounting research to accounting theory?
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THE EARLY HISTORY OF ACCOUNTING The Zenon Papyri The impact of the Renaissance Fra Luca Pacioli The evolution of joint ventures into ongoing businesses The impact of the industrial revolution and the progressive movement The concept of capital maintenance The accountant as a protector of business interests
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ACCOUNTING IN THE UNITED STATES SINCE 1930 Meetings between NYSE and AIA AAA The SEC Securities Act of 1933 Securities Exchange Act of 1934 The Committee on Accounting Procedure The Accounting Principles Board The Financial Accounting Standards
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ch01 - ACCOUNTING THEORY: TEXT AND READINGS RICHARD G....

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