The Demand for and Supply of Accounting Theories

If some research is undertaken that provides evidence that capital markets do not always behave in accordance with the Efficient Market Hypothesis, does this invalidate research that adopts an assumption that capital markets are efficient?

The purpose of accounting is to record the financial information, such as transactions and performance, related to a business. The accounting profession has been in existence for as long as business transactions have occurred. It wasn’t until 1494, however, when Luca Pacioli, a Venetian merchant, wrote Summa de Arithmetica, Geometrio, Proportioni et Proportionalita. His writings described a two-entry system of debits and credits, which became the basis for modern accounting systems. Three centuries later, with the emergence of the Industrial Revolution and the development of corporations, the profession of being an accountant became a necessity to keep track of the rising costs and cash flows. As a result, the American Association of Public

The festival which already receives funding from major companies, can seek out new music focused company sponsorship's that will provide aid for the costs of the concerts. The last opportunity for the festival includes the role it can provide in educating the local youth about local cultural music, theater, and arts. Many may grow up to have a strong appreciation towards their own communities’ festival.

MC Wells ‘A Revolution in Accounting Thought’. The Accounting Review. V.LI. No.3. July 1976. pp471-82. The article does not have an abstract – write an abstract of no more than 400 words. A short guide to writing an abstract is provided. ----Answered by Wenxin

Communication is an ongoing process in which individuals exchange messages whose meanings are influenced by the history of the relationship and the experiences of the participants. (Adler, p.384) Communication depends on relationships between the people who are communicating, and on common basics between them. Problems in communications between people may arise due to differences in cultures, perceptions, values, and expectations from life.

The way in which people communicate is as varied as the languages spoken throughout the world. People cannot just exchange a few words, there must be an understanding and acceptance of these variations or there will be a breakdown in the communication process. This is shown in the interactions between men and women, people of different cultures and even when exposed to a new environment.

When talking about accounting, the first thing we should know is the history of its development. Traditionally, the development is from inductive to deductive. Inductive theory assume what is done by the majority is the most appropriate practice. However, It did not seek to evaluate the logic or merit of

(For a description of one of our festivals, see the article from the Huffington Pos at http://tinyurl.com/JRMFcolm.) Festivals are organized locally, often with the cooperation of a local community organization or institution of higher

In the current life style, communication is playing a vital role to enrich the human bondages in the personal relations, academics, business and international interactions. It is very unfortunate thing that most of us think that ‘communication is nothing but a kind of style in English language’. There should be the name of the game of communication which is lack in the procedure of sharing opinions in all the situations. Without knowing the fact, we misunderstand and misuse our time and the human resources. Being global language English has been being attracted by the people around the globe but the term communication and it’s systematic pattern is not understood. Having the view on communication in a paradoxical way it is not followed in a perfect manner. By the improper decoding of the intellectual procedure we ourselves gather some barriers in our communication. Hence, there will be a kind of disappointment in our multi relations by our communication instead of a great deal of sharing and understanding to build up the inter relations by inter communication skills.

Epistemological exploration lead to the construction and advancement of the existing theories hence constitute a central theme in the issue of accounting ethics. The research that relates to the progress of the accounting theories of ethics is that of compliance. Approaches that address the topic focus on analyzing the behavior of accountants to adhere to the established moral standards. (Boyce, 2014) argues that the accepted way of conduct by accountants adopted by their professional body is based on general moral standards that are common to other professions as well. Another central issue that has been investigated by researchers is the definition of ethical theory as it relates to accounting. (Brown & Forster, 2013) claims that the ethical theories attempt to enlighten the profession on the practice that may

It has been become an issue of great concern that the accounting profession must find a common theory in order to address and put the issue at rest. This therefore, has called for the study of this topic under review “the demand for and supply of accounting theories: the market for excuses. As a result of this several questions have been raised. For instance, the question of why accounting theories are predominantly normative has been put forward by this article? Secondly, why no single theory in accounting profession that is generally or widely accepted? It has been argued that the financial accounting theories have been found to be ineffective most especially in the area of impacting accounting practice and policy, though, this has been

Accounting is the art of measuring and communicating financial information. To maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. These rules or principles are classified as concepts and conventions. One of the important concept in accounting is “Measurement” (Mattessich, 1977)

The Burns and Scapens framework for analyzing managerial accounting change was built on the study of old institutional economics, which sees "economics as a process of social provision, subject to multiple and cumulative causation." This view culminates in a model that argues that the managerial accounting practices at institutions are subject to a process of constant change, influenced by routines and rules. The institutions contribute to these routines and rules, but so do actions on the part of managers within the institutions. By combining multiple influences over time, we arrive at modern managerial accounting practice. In other words, Burns and Scapens tells us that managerial accounting practice changes over time, influenced by a number of factors including rules, routines and actions.

Myrdal was an economist who belongs to Swedish and lived during the year 1988 till 1987. He contributed towards the theory of markets, economic fluctuation and a very efficient use of the limited resources. Because of his curiosity, he got the Nobel Prize for his theories presented. The theory of principles for Financial Theory profile sets out the principles that the Accounting Standards Board considers should bring about the research and demonstration of general purpose financial theories in the field of economics. The basic purpose of articulating such principles is to provide a rational frame of reference to be used by the Board for the improvement and evaluation of accounting standards in economics and by others who act together with the Board through the standard-setting procedure. Such a frame of orientation should explain the conceptual foundation of projected accounting standards and should enable standards to be developed on a steady basis by decreasing the need to discuss fundamental issues each time a standard is reviewed or established (Qiyan Wua, 2014). The economic theory is being published because of the knowledge of the principles should help the users and the preparers of the theories, as well including auditors and others, to appreciate the Board’s line of attack to formulating accounting principles and the nature of the information mentioned in the general purpose financial theories. Economic theories are a very valuable tool in analyzing the company’s

The event consisted of outside stage, inside event and stalls outdoor. The theme of the festival this year is winter. For outside stage, there was a big stage in front of the Function Centre which was established for performances, including singing, drumming and concert etc. The inside event was held in the Function Centre Building. The feature attraction was the demonstration of Japanese New Year Day, activities such as kids target shooting, origami, kite-making, tea ceremony, flower arrangement and painting exhibition etc. Besides, outdoor stalls were another