Appraising the Knowns ^☆

Abstract

Ideas of accounting already considered acceptable might well be tested by (1) identifying specific actions with specific objectives and (2) searching out the reasons why account data can serve those ends. The reasons supporting known accounting actions and objectives are seldom examined. Yet, each objective must be desirable; each action in support must be satisfactory in its effect. Whatever can be known need not be assumed. But “knowns” still need to be understood from the exploration of their significance and limitations.

Citation

(2016), "Appraising the Knowns ^☆ ", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 159-164. https://doi.org/10.1108/S1479-350420160000020039