Tag Archives: echnical endeavours

Explain why financial accounting theory and practice are NOT the scientific, objective, and value-free technical endeavours they are believed to be, and what this means for understanding accounting practices.

HW2 (15 pts) “Hines (1988) and other accounting theorists pose the notion that accounting socially constructs reality, rather than merely report the pre-existing reality of accounting transactions. As a result, all accountants must realize that accounting is a fluid, social construction that is constantly changing, and often becomes “what it was not, rather than what […]