Experience is educational; education is a form of experience. Study of accounting ideology and methodology can help develop rational thinking and provide exercise in forming judgments. It is a good area in which to experience the techniques of learning to learn. Accounts themselves speak of experience, of the results from management decisions. Knowledge of such results offers a platform for rational decisions. Accounting is a special kind of information apparatus. Significant relations exist among its data; these provide definite aid for judgmental decisions. Thus, accounting provides experience in using accumulated experience.
(2016), "Significance of Experience", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, pp. 57-62. https://doi.org/10.1108/S1479-350420160000020028Download as .RIS
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