The Accounting Entity: A Conceptual Model.

Abstract This paper has presented an integrated entity theory of accounting. Every entity for which an accounting can be rendered is in reality a social organization. A n accounting cannot be rendered for any other form of entity. An individual as a proprietor of a business is a member of a business organization for which an accounting can be rendered. This same individual may hold the position of father in a familial organization for which an accounting can be rendered. His church, the corporation in which he holds stock, the school his children attend, etc., can also be subjected to an accounting. From the organization structure (norms, roles, positions) of various kinds of organizations comes interaction, and one dimension of interaction is activity. The activity dimension includes exchanges which are measured in money. The writer submits that these few social elements are the essence and foundation of the social science of accounting.