The Politics of Standard Setting: In dealing with accounting inconsistencies, keep in mind that rules are responses to problems and not necessarily solutions to them

Standard setting in the accounting field is a political process, although many management accountants and accounting practitioners do not want to accept this conclusion. Any theory of accounting, therefore, must be a positive one, rather than a normative postulate.

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Bibliographic Details
Published in:Management accounting (New York, N.Y.) N.Y.), 1981-03, Vol.62 (9), p.26
Main Authors: Bryant, Murray J, Mahaney, Mary Claire
Format: Magazinearticle
Language:English
Online Access:Get full text
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Summary:Standard setting in the accounting field is a political process, although many management accountants and accounting practitioners do not want to accept this conclusion. Any theory of accounting, therefore, must be a positive one, rather than a normative postulate.
ISSN:0025-1690