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March 18, 2026The Accounting Review

Utility and Accounting Principles.

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Authors

JFJames M. Fremgen

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Overview

This analysis tests accounting principles' utility in decision making, highlighting implications for financial reporting.

Key Points

  • The goal is to evaluate accounting principles based on their effectiveness in aiding decision-making processes.
  • Tested the historical cost principle against utility for decision making.
  • Examined the concept of uniformity in accounting principles for its usefulness.
  • Identified the uses of accounting data in financial statements.
  • Historical cost principle found to be unhelpful for decision making.
  • Uniformity of accounting principles confirmed as useful.
  • Advocates for regular review of accounting principles as business practices evolve.

Cite This Study

James M. Fremgen (1967) studied this question.

synapsesocial.com/papers/69ba422e4e9516ffd37a23d2https://doi.org/10.2308/tar-4481875
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