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March 18, 2026The Accounting Review

An "Events" Approach to Basic Accounting Theory.

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Authors

GSGeorge H. Sorter

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Overview

The article examines two divergent approaches to accounting theory, highlighting implications for decision-making.

Key Points

  • This work analyzes differing schools of thought in accounting theory, particularly focusing on the 'Events' approach versus the 'Value' approach.
  • Review of the 'Statement of Basic Accounting Theory' from 1966
  • Comparison of the Value and Events theories
  • Analysis of the implications of both theories on accounting practices
  • A near unanimous agreement on recommendations for accounting was noted among committee members
  • The Value school emphasizes optimizing income and capital values
  • The Events theory prioritizes information on relevant economic events for varied decision-making models

Cite This Study

George H. Sorter (1969) studied this question.

synapsesocial.com/papers/69ba429c4e9516ffd37a3046https://doi.org/10.2308/tar-4491935
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Also Consider

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

  1. 1Toward an "Events" Theory of Accounting.1970
  2. 2RESEARCH METHODOLOGY AND ACCOUNTING THEORY--ANOTHER PERSPECTIVE.1961
  3. 3A Pragmatic approach to Accounting Theory.1968
  4. 4The Accounting Model from an Information Systems Perspective.1971
  5. 5Information Economics and Its Implications for the Further Development of Accounting Theory.1969