Accession Number : AD0668495

Title :   NORMATIVE ACCOUNTING THEORY AND THE THEORY OF DECISION,

Corporate Author : CALIFORNIA UNIV LOS ANGELES WESTERN MANAGEMENT SCIENCE INST

Personal Author(s) : Hakansson,Nils H.

Report Date : JAN 1968

Pagination or Media Count : 27

Abstract : The paper discusses an approach to the construction of normative accounting theory with respect to both methodology and substance. The method of postulation and deduction is outlined, with particular emphasis on its role in the social sciences in general and in accounting in particular. It is suggested that a formal link must be established between the (normative) theory of decision and accounting, and that rigorous (economic) theories of the individual and of the firm must be developed, if necessary by accountants, before accounting theories can be built on sound foundations. (Author)

Descriptors :   (*MANAGEMENT PLANNING AND CONTROL, MONEY), (*DECISION THEORY, ECONOMICS), SOCIAL SCIENCES, OPTIMIZATION, PROBABILITY, UNCERTAINTY, MATHEMATICAL PROGRAMMING, SEQUENTIAL ANALYSIS, MATHEMATICAL MODELS

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE