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March 18, 2026The Accounting Review

The Relation of Function to Principles.

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Authors

ALA. C. Littleton.

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Overview

Review analyzes accounting principles and their function, raising fundamental conflicts and implications.

Key Points

  • This review explores the relationship between accounting principles and the function of accounting, highlighting critiques and fundamental issues.
  • Reviewed accumulated criticisms of the American Accounting Association's accounting principles.
  • Distinguished between detailed critiques and fundamental differences in perspectives.
  • Examined conflicts between various purposes of accounting.
  • Found a tendency to confuse central purpose with diverse uses of accounting data.
  • Identified that accounting principles cannot cater to all uses equally.
  • Determined that financial statements may not align with a unified accounting theory due to conflicting interests.

Cite This Study

A. C. Littleton. (1938) studied this question.

synapsesocial.com/papers/69ba43e94e9516ffd37a59a8https://doi.org/10.2308/tar-7058815
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Also Consider

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

  1. 1THE TENTATIVE STATEMENT OF PRINCIPLES.1937
  2. 2Utility and Accounting Principles.1967
  3. 3CRITICISMS OF THE TENTATIVE STATEMENT OF ACCOUNTING PRINCIPLES.1941
  4. 4A SUGGESTED SOLUTION TO THE PRINCIPLES DILEMMA.1964
  5. 5ARE THERE 'PRINCIPLES' OF ACCOUNTING?1959