Account data and computer output can organize facts in aid of decisions, but men must still decide. Education as such is a way of deepening experience, and practical experience is educational from pressing one to think. On one hand, the function of financial statements is to open transaction experience to analytical review. On the other hand, college education should provide some experience in thinking when not all useful facts are available.
(2016), "Management and the Public Accountant", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, pp. 375-379. https://doi.org/10.1108/S1479-350420160000020065Download as .RIS
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