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March 15, 2026The Accounting Review

The Tentative Statement of Principles.

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Authors

DSD. R. Scott

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Overview

This analysis uncovers the control function in accounting, highlighting its evolution and implications from the Executive Committee's principles.

Key Points

  • The objective is to examine the relationship between the development of law and accounting practices.
  • Evaluation of the tentative Statement of Principles by the American Accounting Association
  • Analysis of major functions served by accounts
  • Historical assessment of the control function in accounting
  • Identified three major functions of accounts: record function, control function, protection-of-equities function
  • Highlighted the recent development of the control function
  • Critiqued the Executive Committee's recognition of fundamental principles in accounting

Cite This Study

D. R. Scott (1937) studied this question.

synapsesocial.com/papers/69b5ff8083145bc643d1c130https://doi.org/10.2308/tar-7082832
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