Boundaries for Accounting Data

Abstract

The major service of accounting concepts comes from their association with relevant accounting actions. Decisions by enterprise management generate a continuing flow of transaction experience, which will be systematically organized toward review. Organizing transaction data, in turn, requires recognition and respect for a variety of classification boundaries. Most notably of these boundaries is the enterprise itself, the fiscal period, and the ledger account.

Citation

(2016), "Boundaries for Accounting Data", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 331-338. https://doi.org/10.1108/S1479-350420160000020059