What is the relevance of philosophy to accounting?
Much of philosophy is concerned with morals and ethics. Accoutancy is all about - or should be all about - ethical accounting of business transactions. The current malaise in the financial markets shows that morals and ethics have not been as prominent as they probably ought to have been in the minds of many people.
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Mattessich, R.: . What is conservative accounting philosophy? . Prerequisite: What is "conservative accounting? It is the practice of recording and presenting financial statements based on cautious principles such as "acquisition cost or market value whichever is lower" (instead of the prese…ntly favored "fair value", frequently based on the subjective overvaluation of assets or undervaluation of debts) and "recognizing profits only after realizing sales", etc. If "philosophy" is meant in the professional sense (i.e., not merely as an "attitude"), one comes to the following conclusion:. A "conservative accounting philosophy" is an ontology and epistemology that tries to justify conservative accounting by taking into consideration: (1) the volatility of values (in general, but particularly, of assets, equities, etc.), and (2) that these values should be represented in a "prudent" and objective rather than an "optimistic" and subjective way... A financial value is not a property of something but a three-way relation between some (i) person(s), (ii) an object, and (iii) changeable circumstances. This implies a potential for sudden or unexpected fluctuations in value such that its representation at one moment of time may no longer correspond to the reality at another moment. This creates a dilemma. On one side, accounting and financial statements are supposed to represent "reality", on the other side, this reality is in constant flux. Hence, neither a "conservative" value nor a "fair" value satisfies the ontological quest posed by a realist ontology. One solution to this problem would be to supplement accounting values of the financial statements with some kind of error estimates (e.g., its standard deviation), or to use a "multiple value approach." Proposals of this kind have been made in the literature (e.g., in Mattessich's Accounting and Analytical Methods , 1964: 220-231) but have not been seriously considered by practitioners. However, as far as share values are concerned, financial practice often attributes a risk factor to each share price. The traditional solution to this dilemma is to accept for accounting the general principle of conservativism (according to which it is preferable to err on the cautious than optimistic side). This principle has been the pivot of accounting practice (even of most of its theories) until the last decade of the twentieth century when empirical and positive accounting theories were instrumental in promoting "fair values". But some experts may argue that this resulted in occasional overvaluations in the stock market with billions of dollars in losses to the public. Typical overvaluations as occurred in a series of financial scandals, such as ENRON, WorldCom, Parmalat, etc. -- and more recently in the "sup-prime mortgage scandal". However, a conservative accounting philosophy has its own disadvantages. For example, it can lead to enormous discrepancies between (unrealistically low) accounting book values and (much higher) share prices in the market. Thus, neither a philosophy of conservative nor one of aggressive accounting seems to be desirable. What is needed is a philosophy that, on one side, emphasizes the fundamental dilemma of accounting representation and, on the other side, tries to sail safely through the Skylla of conservative and the Caryptis of aggressive accounting practice by indicating when to use one and when to use the other. ( Full Answer )
Philosophy is the study of general and fundamental problems concerning reality, existence, knowledge, values, reason, mind, and language. It's core aspects value critical thought and logical reasoning. Philosophy is the foundation on which all progressive, intellectual thought is built. There are t…he five main branches of philosophy, encompassing every aspect of existence and thought: Metaphysics (concepts of time, reality, and existence); Epistemology (truth, belief, and theories of justification); Logic (reasoning, pragmatism, skepticism); Morality (ethics, good vs. bad, and politics); and Aesthetics (beauty, art, sentience, and perception). Science, religion, mathematics, and politics all stem from philosophy. Criticism, skepticism, and debate's development can be traced back to ancient philosophy. Fine art like music, sculpting, painting, drawing, dance, and literature have their origins in philosophical thought. Every single theory, concept, belief, doctrine, word, phrase, term, and claim can be attributed to philosophy. In a way, philosophy is the basis that defines and develops everything, from God to Atheism and Capitalism to Communism. Each and every thing you touch, think, feel, believe, and know is associated with the all-encompassing idea of philosophical thought. The terms "philosophy" and "philosopher" comes from the legend that the Greek scholar Pythagoras introduced them after basing the words off the lost works of Herakleides Pontikos, a disciple of Aristotle. In contrast to sophist, which refers to a paid teacher of philosophy and rhetoric in Ancient Greece, a philosopher is simply a "lover of wisdom" and not a professional in the field. Etymologically, philosophy comes from the Greek term ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ï¿½ (philosophia), which literally means "love of wisdom." Refer to the related links and questions for more information. Yay ( Full Answer )
The relevance of Indian accounting standards in IT firms is that ithelps in business computations. This will be used to measure theprofits of IT firms and keep proper records among other things.
Answer . Gandhi's philosophy included ideas such as the following: (1) Gandhi believed that at the core of every religion was truth and love (compassion, nonviolence and The Golden Rule). In fact, later in his life when he was asked whether he was a Hindu, he replied: "Yes I am. I am also a C…hristian, a Muslim, a Buddhist and a Jew." (2) resistance to tyranny by totally non-violent civil disobedience (However, Gandhi was aware that this level of nonviolence required incredible faith and courage, which he realized not everyone possessed. He therefore advised that everyone need not keep to nonviolence, especially if it were used as a cover for cowardice.) To answer the question: Yes, a philosophy that includes ideas such as those above is certainly relevant today. As our planet seems to shrink under a rapidly growing world population, more and more people, likely from backgrounds diverse in faith and culture, are going to find themselves on one another's doorsteps. In an age where technology can significantly multiply the destructive power of an individual, a philosophy of non-violence and tolerance is certainly relevant. ( Full Answer )
One of the main features of classical republican philosophy is afocus on civic virtue, which is as relevant today as it ever hasbeen. The roots of classical republicanism can be traced back tothe Renaissance.
All human sense data accrues as experience.This experience is no way different from any animal.Human brain supposed to be more superior than rest of the animal kingdom.So could invent language which is a platform for knowledge to operate. Since this knowledge is only an imposed object over the rea…l there is confusion and conflict. Even though virtual world got created inside the knowledge (brain) confusion remains as it was and increasing in leaps and bounds. Now humans understood that there must be a check and a counter check for this knowledge, that is what philosophy is. This is a good start. All good philosophical offerings need a premise to support or refute. This will be the latter. I'm not sure what "all human sense data accrues as experience" means so an answer isn't possible. The human experience is in all kinds of ways different from animals as it is among different animals. Sense "data" comes in different forms. The world experience of the insects that can see ultraviolet is different than the human who cannot. The beetle that can feel the code being tapped out by the other beetles on a plant is not unlike an elephant feeling the ground through its large feet but very different from the bird in flight that senses what the air is "telling" its senses. We can only imagine what the philosophy would be of an intelligent species that "images" like a dolphin or can sense the electromagnetic fields of objects. What is philosophy if not a quest for understanding. ( Full Answer )
Answer Answering questions about what things are for. Or alternatively, Asking the question: What is anything for? Seriously speaking, philosophy is the basis of all knowledge, because it teaches critical and creative thinking. All contemporary disciplines grew out of philosophy. Some, l…ike psychology*, only within the last hundred or so years. *'Psychology from an Empirical Standpoint' was a book by the philosopher Brentano that formed the basis of Meyer's initial experiments and heralded the birth of scientific psychology. It was written at the turn of the 20th century. Answer Philosophy, as I understand it, is the study, among other things, of the nature of existence. It attempts to answer the purpose of life and of existence itself ... to answer questions about life and of man's relationship to all that is around him ... and even to answer questions about the nature and existence or reality of God. It is an attempt to apply logic to problems such as the nature of man, the discovery of his essence, to explain his behaviour, the nature of presence and to the understand the world about him. It examines reason, knowledge, values and being, using contemplation and rational argument. Its Greek derivative means, "the love of wisdom" . ( Full Answer )
Philospophy is a belief system of one or more groups. Commonly agruing what exist and what are the essential natures. Philosophia is a lover of wisdom, and PhiloMath is a lover of knowledge.
Only the things that matter. Something that pertains to a particular situation. Information that is related to a topic.
Philosophy is relevant in the world today as it provides guidanceto particular fields of life. Through philosophy, there manyessential discoveries that have been made.
Information computer technology, or ICT, is a common method forconducting accounting services. The relevance of ICT to accountingis the capabilities it offers. Users are able to increase theiraccuracy, speed up their service delivery, and share importantaccounting data across many platforms.
Accounting provides the business with data such as debt, growth ofthe company and the effect of added investment. Accounting data canallow the decision makers in a company to make decisions that willnot endanger the financial direction of the company.
Accountants roll over large amount of money, but do they haveenough money to run their own family. Accountants sometimes stressthemselves to relieve others
Sas 1 - statement of accounting policies sas 2 - information to be disclosed in financial statement sas 3 - accounting for property, plant and equipment sas 4 - accounting for stock(inventory) sas 5 - accounting for construction contract sas 6 - prior year, exceptional and extra-ordinary items sas 7… - currency conversion sas 8 - retirement benefit sas 9 - depreciation sas 10 - bank and non-bank financial institutions sas 11 - accounting for lease sas 12 - deferred taxation sas 13 - investment sas 14 - petroleum industry - down-stream sas 15 - bank and non-bank financial institutions (part 2) sas 16 - insurance sas 17 - petroleum industry - up-stream sas 18 - cashflow statement sas 19 - taxation sas 20 - abridge financial statement sas 21 - earnings per share other accounting statements have been issued in recent time ( Full Answer )
Philosophy is relevant to the life that individuals on Earth live.Philosophy tells people how to live and how to appreciate.
Philosophy can make one see what is search and its implied cause and its effect movement.It can show the divisive principle of knowledge.Knowledge is the tool and also its bearer.
an increase or decrease on a company's fixed costs is however not only dependent on the relevant period but also on the relevant production range. The total fixed costs will remain constant if the relevant production range can be handled by the same number of production units, producing fewer steps.… If a certain step ( certain cost level) encompasses the entire relevant range of activity, the costs are entirely fixed. ( Full Answer )
Philosophy is the study of general problems concerning matters such as existence, knowledge, truth, beauty, justice, validity, mind, and language.. For the source and more detailed information concerning this subject, click on the related links section (Wikipedia) indicated below this answer box.
Okay, so I take dance, and a releve` is basically when you rise up on your "tip toes" if you will. You're welcome!
Philosophy reflects in ones walk of life.For example Zen philosophy reflects in daily life of a rickshaw puller in Japan so also devotion concept in India, so also Marxism in china. Any philosophical movement motivates public in general but may be valid or invalid.
Accounting is ingrained in our society and it is vital to our economic system do you agree Explain ?
The peculiarity of philosophy is how it is not bound to a particular method, including its own, as it is the discourse which reflects on them. This is why scientists are very interested in it when major changes are shaping their discipline - as was the case about physicists at the beginning of the… 20th century, or as is the case with cognitive scientists nowadays. When it isn't, research is simply done following the standard guidelines, but once in a while, they prove insufficient, hence the need to rethink them, and the need for philosophy In the same way, a nation without philosophers is without tools to assess its original ideas and institutions. Thus, they are forced to choose between those two options: (a) be a copycat, take policies from abroad or: (b) be a guinea pig and apply unassessed or poorly assessed policies. ( Full Answer )
Give your opinion on whether the present educational philosophy of the Philippines is relevant to the country's needs?
The present educational philosophy in the Philippines is not relevant to the country's needs because it focused so much on the cognitive level or attaining concepts which are not applicable to the present set-up of the country. Economically the Philippines is lagging behind other Asian countries. Fi…lipinos should be taught as early as grade school about entrepreneurship and managing smartly finances. ( Full Answer )
please i nkoro have signed up saveral times and cant not long in after all that. are serious at all?
There are general rules and concepts that govern the field of accounting. These general rules-referred to as basic accounting principles and guidelines -form the groundwork on which more detailed, complicated, and legalistic accounting rules are based. For example, the Financial Accounting Standar…ds Board (FASB) uses the basic accounting principles and guidelines as a basis for their own detailed and comprehensive set of accounting rules and standards. The phrase "generally accepted accounting principles" (or "GAAP") consists of three important sets of rules: (1) the basic accounting principles and guidelines, (2) the detailed rules and standards issued by FASB and its predecessor the Accounting Principles Board (APB), and (3) the generally accepted industry practices. If a company distributes its financial statements to the public, it is required to follow generally accepted accounting principles in the preparation of those statements. Further, if a company's stock is publicly traded, federal law requires the company's financial statements be audited by independent public accountants. Both the company's management and the independent accountants must certify that the financial statements and the related notes to the financial statements have been prepared in accordance with GAAP. GAAP is exceedingly useful because it attempts to standardize and regulate accounting definitions, assumptions, and methods. Because of generally accepted accounting principles we are able to assume that there is consistency from year to year in the methods used to prepare a company's financial statements. And although variations may exist, we can make reasonably confident conclusions when comparing one company to another, or comparing one company's financial statistics to the statistics for its industry. Over the years the generally accepted accounting principles have become more complex because financial transactions have become more complex. Relevance Relevance requires that the financial accounting information should be such that the users need it and it is expected to affect their decisions. Reliability requires that the information should be accurate and true and fair. Relevance and reliability are both critical for the quality of the financial information, but both are related such that an emphasis on one will hurt the other and vice versa. Hence, we have to trade-off between them. Accounting information is relevant when it is provided in time, but at early stages information is uncertain and hence less reliable. But if we wait to gain while the information gains reliability, its relevance is lost. Examples . After the balance sheet date but before the date of issue a company wants to dispose of one of its subsidiaries and is in final stages of reaching a deal but the outcome is still uncertain. If the company waits they are expected to find more reliable information but that would cost them relevance. The information would be outdated and no longer very relevant. . After the balance sheet date during the time when audit is carried out, it becomes clear which debts were realized and where were not hence it improves the reliability of allowance for bad debts estimate but the information loses its relevance due to too much time being taken. Timeliness is key to relevance. ( Full Answer )
Philosophy explores the concepts of morality and human fulfillment.Banking and finance brings up many questions about the efficacy ofwealth as a way to achieve fulfillment.
The branches help with the rational thinking in education. Thethree branches will include metaphysical philosophy, moralphilosophy, and natural philosophy.
Studies which address issues related to the systems and the users of systems that collect, store, and generate accounting information. Users are defined broadly to include those involved in collection, storage, or use of accounting information or even the implementation of the system. These systems …may be electronic or not. Research streams include, but are not limited to design science, ontological investigations, expert systems, decision aides, support systems, processing assurance, security, controls, system usability, and system performance. ( Full Answer )
Seeking reference is the linguistic habit.So called relevance is nothing but groping for reference since we got habituated to systematize everything known.Philosophy reflects in every moment of existence.Philosophical propositions can change the way of thinking.It also can show what was super impose…d over reality.Human thought is nothing but the reflections of philosophical movements of past. ( Full Answer )
Improper use of technical jargon can hamstring the financial records and reporting capability of any accounting department.. FOR instance... to a lot of lay people Accounts Payable means vendors, or checks written to vendors. The proper technical definition of Accounts Payable is the "unpaid liabil…ities to vendors for expenses". They are two VERY different things. Even trained personnel mix up Accounts Payable and include long-term liabilites due in the current period in the Accounts Payable listing for a period. While long-term liabilities due in the current period may have the same due date as an account payable, they would be considered a Current Portion of Long Term Debt and listed separately from Accounts Payable on the balance sheet. So.... knowledge of the terminology and jargon is VERY important, even though it may not seem like it to the lay person. ( Full Answer )
If you mean in basic terms peaceful resistance, then yes, to a degree it is relevant but cannot by itself overcome the hate and destruction in today's world.
Principles of Deming's Philosophy relevant to Project Management Explain how each one is applicable in management?
This is a very large subject. Here's a series (in the related links) of articles on Deming's 14 points and their relation with Project Management.
Management is the process of coordinating people and other resources to achieve the goals and objectives of the organization. Thus, management if relevant to accountants in that they must choose and coordinate all available resources to accomplish their objective. These resources would include, mate…rial, human, financial, and informational (including internal and external environment factors) resources. ( Full Answer )
Philosophy underpins political theory, which is vital to modelling empirics and understanding the normative valuation of politics and political interaction.
What is the responsibilities and accountability in relation to current European and national guidelines and local policies and protocol relevant to preassure area?
working understanding of your and local policies and protocols relevant to pressure area.responsibilities and accountability in relation to current European and National legislation, national guidelines
I do not know the answer this is why I am asking someone to answer this question.
Relevant cost is that cost which will be affected due to thedecision company going to make.
wag ka na magaksaya ng panahon na maghanap dito ng sagot dahil wala naman matinong sagot!! mag YAHOO ka nalang!
the philosophy is the main cause of people that deserving for what they did. as far as i know many people that having their own perspective in their life Stan.
You can find your own meaning to life, allowing you to find your true life goals and enjoy life as you live it. Believing in your own unique philosophy is a big part of living life.
Philosophy is the study of the fundamental problems to do with knowledge and beliefs. Philosophy is closely related to religion because it's not something that can be proven, It's more to do with opinions. Philosophy has had an impact on our view on the mind and the world in which we live in.
A checking account is an important feature to have while trying to save up money and balance finances. Most banks offer free checking accounts to new or existing customers.
Theology must rely on philosophy since there is no way to prove a god exists.
Managerial accounting mostly concerns the use of accountinginformation to business managers so they can make better informedfinancial decisions about the company. This is relevant to allaccounting majors and their future careers, because even if they donot intend to enter a management position, they… need to know how torelay this information to various management positions. ( Full Answer )
Robert Rosen absolutely revolutionized this field but he was largely ignored. His daughter is now reviving interest in his work. Springer has just re-released an improved, proofread version of Anticipatory Systems. Biochemistry has labored unsuccessfully under the yoke of Reductionism. But Rosen has… shown definitively why that must fail. See his two books that are particularly relevant :. Life Itself: A Comprehensive Inquiry into the Nature, Origin, and Fabrication of Life (Complexity in Ecological Systems) by Robert H. Rosen (Jul 6, 2005). AND Fundamentals of Measurement and Representation of Natural Systems (General Systems Research Series, Vol 1) ( Full Answer )
as what i've been search for there are big relevants b/w the to bec.in the past history almost all the heroes used to budget there mney. and soon on and so fort.
Philosophy is the pursuit of knowledge and understanding about human existence. It is the never ending need to understand nature, to understand the mind, values and morals, and to understand the world around us and what it means to the world inside us. The word itself originates from the latin word …that means "love for wisdom". ( Full Answer )
Accounting is a way to provide a systematic data about anycompany's statements and expenses. due to its consecutive andsystematic entries it provides a relevant data. Internal users need to understand accounting data in order tomeasure the economic performance of businesses and to make businessdecis…ions ( Full Answer )
An holistic and person-centered approach, embracing: . - promotion of well-being of staff, clients and communities . - early identification of problems . - delivery of appropriate services . - commitment to meeting the needs and upholding the rights of people . - commitment to empowering t…he person and/or the community . - ethical behaviour . - preventative strategies . - exercise of responsibilities and accountabilitis within the context of duty of . care for clients ( Full Answer )
Dayananda Saraswati, who founded the Hindu reform movement (Arya Samaj) was a great scholar who studied all the important world-wide religions and understood their structure. His reforms concerning universal truth though seated in his own country were meant for all people, regardless of their race… or religion. Considering that most religions are opposed to one another, Saraswati's noble ideas could still have great impact on a world that seems to be self-destructing.eternal and valuable... ( Full Answer )