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March 18, 2026The Accounting Review

The Possibility of a Normative Accounting Standard.

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Authors

RCR. J. ChambersCollege of Accounting

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Implication

This analysis demonstrates the challenges of establishing normative accounting standards, indicating fundamental issues in the discipline.

Key Points

  • The aim is to evaluate whether normative accounting standards can be established as a legitimate basis for the discipline.
  • Reviewing historical attempts to establish accounting standards over the last 30 years.
  • Examining the implications of Joel S. Demski's impossibility theorem.
  • Analyzing the current lack of consensus on accounting norms.
  • Evidence suggests that normative accounting standards may not be feasible.
  • The absence of a unified doctrine raises questions about the legitimacy of accounting as a discipline.
  • Historical parallels illustrate that confusion in a field can be resolved over time.

Cite This Study

R. J. Chambers (1976) studied this question.

synapsesocial.com/papers/69ba420a4e9516ffd37a1e8fhttps://doi.org/10.2308/tar-4482284
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The General Impossibility of Normative Accounting Standards.1973 · 6 citations
  2. 2On the Impossibility of a Static Accounting Theory: A Short Essay on the Nature of Accounting Theory2026
  3. 3CURRENT PROBLEMS AND ACCOUNTING THEORY.1944
  4. 4TOWARD A SYNTHESIS OF ACCOUNTING DOCTRINE.1948
  5. 5...STANDARDS MUST COME...1934