Accounting research: An analysis of theories explored in doctoral dissertations and their applicability to Systems Theory
In a comprehensive study of accounting theory, the Committee on concepts and standards for external financial reports concluded that the accounting profession does not have a generally accepted base theory (AAA, 1977). Nevertheless, accounting theorists have focused on the ability of accountants to provide information useful for decision purposes (Carnegie & Napier, 1996) and information usefulness was incorporated into the FASB's (1978) Statement of Financial Accounting Concepts No. 1 as a primary function of the financial accounting discipline. Similarly, recent editions of college accounting textbooks emphasize the importance of accounting information for the successful conduct of a ‘value adding’ transformation ...