Articulating accounting principles

Brian A. Rutherford

Journal of Applied Accounting Research, 2016, vol. 17, issue 2, 118-135

Abstract: Purpose - – The purpose of this paper is to provide a soundly based epistemological underpinning for the kind of theorisation in which many classical financial accounting researchers engaged and thus to support a renewal of this programme. Design/methodology/approach - – The paper draws on pragmatist philosophy and, in particular, on Jules Coleman’s theory of “explanation by embodiment”. The applicability of this theory to the world of financial reporting is discussed. Various theorists and schools within classical accounting theory are examined from the perspective of Coleman’s ideas, focusing particularly on A.C. Littleton’sStructure of Accounting Theory. Findings - – The paper finds that classical accounting research works such asStructure of Accounting Theorycan be interpreted as the search for Colemanian explanation by embodiment and that this provides them with a soundly based pragmatist underpinning for their theorisation. Research limitations/implications - – This paper supports the resumption by academics, qua academics, of work to contribute to accounting standard-setting by offering argumentation that addresses accounting principles and methods directly, rather than only via the social scientific investigation of behaviour in the accounting arena. Practical implications - – Such a resumption would contribute positively to future standard-setting. Originality/value - – This paper contributes to the defence of classical financial accounting research from the charge of lacking theoretical rigour.

Keywords: Pragmatism; A.C. Littleton; Classical accounting theory; Explanation by embodiment; Jules Coleman; Positive-inductive school (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jaarpp:v:17:y:2016:i:2:p:118-135

DOI: 10.1108/JAAR-01-2014-0017

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