What is accounting theory and research?

Accounting theory is a set of assumptions, frameworks, and methodologies used in the study and application of financial reporting principles. Accounting theory involves the assumptions and methodologies used in financial reporting, requiring a review of accounting practices and the regulatory framework.

What is concept of accounting theory?

Accounting theory provides a guide for effective accounting and financial reporting. Accounting theory involves the assumptions and methodologies used in financial reporting, requiring a review of accounting practices and the regulatory framework.

How are accounting standards established?

The accounting standards developed and established by the FAF’s standard-setting boards—the Financial Accounting Standards Board and the Governmental Accounting Standards Board—are the rules that determine how that language is written.

What is an accounting regulation?

Accounting regulation focuses on financial accounting. Accounting regulation consists of a legal framework, standards, education, and licensure. A legal framework is fundamental to accounting regulation. It determines the types of entities available under the law.

How does politics affect the setting of Accounting Standards?

Although it is clear from casual observation of the standard-setting process that politics sometimes plays a first- order role in the determination of accounting standards, we argue that more can be done to improve our understanding of this important topic.

How are accounting theories related to accounting phenomena?

Accounting theory or theories are formulated as a result of both theory construction and theory verification. A given accounting theory explains and predicts accounting phenomena, and when such phenomena occur, they prove and verify the theory.

Why is the study of politicization so important?

A study of politicization provides insight into a fundamental ten­ sion in American politics and democracy between political control and government competence. It also sheds light on an important presidential tool for controlling the bureaucracy and a useful resource for political bargaining. POLITICIZATION IN THEORY AND PRACTICE5

What does political lobbying mean in accounting standards?

43) defines political lobbying on accounting standards “…to mean self-interested considerations or pleadings by preparers and others that may be detrimental to the interests of investors and other users, a phenomenon that has been associated with the term ‘economic consequences.’”