A Course in Accounting Theory.

Abstract A course of the seminar type in accounting theory is needed for graduate students in accounting because (1) sound theory is the basis for good practice, and (2) there is a lack of emphasis on theory in most of our curricula. Students in related fields need a means of achieving an understanding of the basic philosophy of accounting without taking numerous courses stressing techniques. The course should be outlined from the developmental or history of accounting theory point of view. It should cover the following major topics: (1) early history: (2) economics and accounting; (3) fundamental accounting concepts; (4) statements of principles; (5) accounting and the price level; (6) accounting for individual balance sheet items and theft relationship to income determination; (7) financial statement content and structure. Certain topics not otherwise covered could be presented in the form of oral reports if time permits. Materials for reading assignments will be drawn mainly from the volumes of Tim: ACCOUNTING REVIEW and The Journal of Accountancy, plus certain other periodicals, monographs, books, and pamphlets. The course should be conducted as a seminar, employing the discussion method and without extensive written reports. Examinations may need to be given only where the size of the seminar makes student evaluation by other means difficult.