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Sources in Accounting - Essay Example
Finance & Accounting
Pages 5 (1255 words)
Name Class Professor Report on Authoritative Sources in the Discipline of Accounting Introduction For an informative scholarly research, researchers should always opt for reliable and authoritative sources. Not all sources used in research for literature review offer true information…
Scholarly journals prove to be the best publication genre for researching accounting-related problems since it relays concrete information that stays within the focus of the subject matter. Accounting is one of the oldest disciplines concerned with collecting, analyzing and communicating economic information. Information analyzed is usable in making decisions and plans of an enterprise by concerned professionals and users. Committee on Terminology of the American Institute of Certified Public Accountants described the discipline as “Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in past at least, of a financial character and interpreting the results thereof” (Fountain, Douglas & Michael, 101). It is, therefore, a language used for communicating fundamental information to people. It is a profession and intellectual discipline. In addition, accounting is a socially constructed discipline that is practiced for people by people, and influences relationships and workings within communities. A comprehensive knowledge of accounting may not be possible without a revisit to the history of the discipline. Originally, accounting was based on simple activities of recording and measurement. The 15th century saw the emergence of double-entry book keeping. ...
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