Accounting opens to analytical examination many aspects of an enterprise that are not visible to direct observation. Scientific techniques foster certain techniques, just as successful accounting techniques foster managerial techniques. These basic concepts and useful techniques are integrated by a hidden logic, much as water unites aggregate and cement. Accounting analysis breaks down diverse transaction experience and, by synthesis, re-assembles the raw data into compact and informative reports. The result from this process, dollar-price data in accounts, opens for study realities lying deep beneath the figures.
(2016), "The Path of Philosophy", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, pp. 227-238. https://doi.org/10.1108/S1479-350420160000020047Download as .RIS
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