Construction of Accounting Theory

Jurusan Akuntansi

4 Mar 202303:46

Summary

TLDRThe script discusses the importance of accounting theory as a foundation for solving accounting problems ethically and scientifically. It emphasizes the development of accounting practices and profession based on research and education. Accounting is viewed as a knowledge field, a professional practice, and a social institution providing guidelines for economic activities. The theory is explored from various perspectives, including normative, positive, syntactic, semantic, and pragmatic, highlighting the role of logical reasoning in establishing accounting principles and standards.

Takeaways

📚 The script discusses the importance of accounting theory as a foundation for solving accounting problems ethically and scientifically.
🌟 Salsabila Putri Nita Anisa, Ramadhani, and Athaya Tarifah represent Group 2, emphasizing the significance of a well-developed theory in advancing accounting practice.
🔍 Accounting is viewed from two perspectives: as a professional knowledge applied in the real world and as an academic subject taught in higher education.
🔬 Accounting as a science involves the development of theories that are value-free, descriptive, and testable, aiming for coherence, correspondence, and universality.
🎨 Accounting is also considered an art, indicating that its application involves creativity and is not solely based on knowledge.
🛠️ Accounting as technology is seen as a set of tools and social institutions that provide guidelines for measuring and controlling economic activities.
📈 The development of accounting is closely linked to research, teaching, and techniques, highlighting the interdependence of these elements.
📝 The script defines accounting knowledge as studying the process of preparing financial information services, involving the identification, measurement, recognition, classification, summarization, and presentation of financial data.
🔑 The role of accounting research is to provide a theoretical basis for the development and improvement of accounting practices.
🧐 The script differentiates between normative, positive, syntactic, semantic, and pragmatic theories of accounting, each serving different purposes and approaches.
📊 The benefits of logical reasoning in accounting include the systematic process of deductive and inductive reasoning, as well as the verification of theories.

Q & A

What is the significance of accounting theory according to the transcript?
-Accounting theory is foundational for solving accounting problems in a reasoned, ethical, and scientifically accountable manner. It is essential for the advancement of accounting practice and profession.
Who are the members of Group 2 presenting the construction of accounting theory?
-The members of Group 2 are Salsabila Putri Nita Anisa, Ramadhani, Salsabila Stefani, and Athaya Tarifah.
Why is a good accounting theory important for the development of accounting practices?
-A good accounting theory is crucial as it provides a solid foundation for practices and professions, ensuring that they are developed based on thorough research and logical reasoning.
What are the two perspectives from which accounting development can be viewed?
-Accounting development can be viewed from two perspectives: as a professional knowledge practiced in the real world and as content of knowledge taught in higher education institutions.
What is the role of accounting research in the development of accounting?
-Accounting research plays a significant role as it brings consequences that accounting theory must be free from value considerations and be descriptive, which is essential for the development and advancement of accounting practices.
How does the transcript define accounting in terms of knowledge?
-Accounting is defined as a body of knowledge that studies the process of identifying, measuring, and communicating financial information in an ethical and effective manner.
What are the processes involved in the practice of accounting as described in the transcript?
-The processes involved in accounting practice include identifying, measuring, recognizing, classifying, summarizing, and presenting financial data to produce relevant information for interested parties.
Why is accounting considered both an art and a science?
-Accounting is considered an art because of the creative application of its principles in practice, while it is a science because it objectively explains accounting phenomena and tests the validity of statements based on coherence, correspondence, and universality.
What are the criteria that accounting theory must meet to be considered scientific?
-Accounting theory must be value-free, coherent, universal, and testable to be considered scientific.
What are the five types of accounting theory mentioned in the transcript?
-The five types of accounting theory mentioned are normative, positive, syntactic, semantic, and pragmatic.
How does the transcript explain the relationship between logical reasoning and accounting practice?
-The transcript explains that logical reasoning, including deductive and inductive reasoning, is essential for evaluating the effectiveness of accounting products and for providing a basis or foundation in the financial reporting process.

Outlines

00:00

📚 Introduction to Accounting Theory

The script introduces the concept of accounting theory, emphasizing its importance as a foundation for solving accounting problems ethically and scientifically. It mentions the development of accounting theory based on research and professional practice, highlighting the need for a good theory to advance the profession. The paragraph also touches on the dual nature of accounting as both a science and an art, involving the application of knowledge and skills to provide relevant financial information.

Mindmap

Keywords

💡Accounting Theory

Accounting Theory refers to the fundamental principles and concepts that guide the practice of accounting. It is the basis for resolving accounting issues and is essential for ethical and scientific accountability in financial reporting. In the video, it is emphasized that a good and advanced accounting practice cannot be achieved without a solid theory that underpins its practice and profession.

💡Ethical

Ethical pertains to the principles of right and wrong that guide behavior. In the context of the video, it highlights the importance of accounting theory in ensuring that financial practices are conducted ethically, meaning they are responsible and adhere to moral standards.

💡Professional Practice

Professional Practice refers to the activities, methods, and techniques that are carried out by professionals in their field. The video script mentions that accounting theory should be developed based on speculation and research to advance and improve professional accounting practices.

💡Research

Research in the video is presented as a critical component in the development and advancement of accounting. It implies a systematic investigation and study of materials and sources to establish facts and reach new conclusions, which is essential for the evolution of accounting theories and practices.

💡Education

Education is the process of acquiring knowledge, skills, values, and habits. In the script, it is mentioned as one of the pillars that support the development of accounting, alongside research and practice, indicating its importance in teaching and disseminating accounting knowledge.

💡Accounting as a Science

The script discusses accounting as a science, which means it is a systematic and objective body of knowledge that explains accounting phenomena. It should be value-free and based on criteria such as coherence, correspondence, and universality to be considered scientific.

💡Technology

In the context of the video, technology is viewed as a tool or social institution that provides guidelines for measurement and methods to control economic activities and decision-making. Accounting, as a form of technology, uses knowledge from various sciences to inform and guide financial reporting.

💡Information

Information is a crucial element in accounting, as it is the content that is processed, measured, and reported to stakeholders. The video emphasizes the importance of the quality and relevance of accounting information for decision-making.

💡Logical Speculation

Logical Speculation, as mentioned in the script, refers to the process of thinking logically and systematically to explain the validity of accounting principles or practices. It involves both deductive and inductive reasoning to establish or test accounting theories.

💡Normative Theory

Normative Theory in the video is contrasted with Positive Theory. Normative Theory is concerned with values and what should be done, providing a framework for evaluating the effectiveness of accounting products and practices based on ethical and professional standards.

💡Positive Theory

Positive Theory is focused on facts and what is done in reality. It seeks to explain and predict accounting phenomena based on empirical evidence and without value judgments, aiming to understand the actual practices and outcomes in the field of accounting.

💡Semiotics

Semiotics is the study of signs and symbols and their use or interpretation. In the context of the video, it refers to the aspect of theory that deals with the meaning and communication of accounting information, which is essential for understanding the messages conveyed through financial reports.

Highlights

The importance of accounting theory as a foundation for solving accounting problems ethically and scientifically.

The necessity of a good accounting theory for the advancement of accounting practices and profession.

Accounting theory development based on research and its significance in improving accounting practices.

The dual perspective of accounting as both a professional practice and an academic discipline.

The role of accounting research in shaping the development of accounting.

Accounting defined as the knowledge of preparing financial information services.

The process of accounting as identifying, measuring, recognizing, classifying, summarizing, and presenting financial data.

Accounting as an art, indicating the creative application in practice.

Accounting as a science, explaining accounting phenomena objectively and value-free.

The criteria for accounting theory to be considered scientific: coherence, correspondence, and universality.

Accounting as technology, providing guidelines for economic activities and decision-making.

The use of multidisciplinary knowledge in the development of accounting information.

The evaluation of the effectiveness of accounting theory in practice.

The systematic nature of accounting theory, explaining and predicting accounting phenomena.

The logical reasoning process in accounting theory, including deductive and inductive reasoning.

The verification of accounting theories through synthetic and analytic logical reasoning.

The types of accounting theories: normative, positive, syntactic, semantic, and pragmatic.

The benefits of logical reasoning in the development of accounting theory.

The perspective of accounting theory orientation, including positive facts and normative values.

The significance of semiotic in communication within accounting theory.

The practical applications of accounting theory beyond being an art form.