A careful examination of accounting literature reveals the prospect for developing normative accounting that is capable of meeting society''s needs at any given time. Despite the importance and the possibility of developing such a type of theory, research concerning normative theorization ceased in favor of the new empirical accounting research,which investigates the usefulness of accounting information to decision-making.The emergence of the new financial empirical paradigm mandated the elimination of the conventional paradigm. Judged by its relevance to accounting practice, contemporary academic accounting research seems to be moving away from accounting practice, broadening the schism between theory and practice. Those who have been worried about such schism will benefit from reading this book. As the market efficiency is being questioned, accounting academics and graduate students need to be aware, or critical about, the dominant financial empirical paradigm and its underlying assumptions. This book will familiarize them with an important accounting discourse which will potentially open new avenues for them to research and contribute their thoughts.

Hersteller:
BoD - Books on Demand
[email protected]
In de Tarpen 42
DE 22848 Norderstedt

Khalid Al-Adeem is an assistant professor in the accountancy department at King Saud University where he teaches undergraduate and graduate courses. Timothy Fogarty is a professor in the accountancy department at the Weatherhead School of Management Case Western Reserve University. He is the KPMG Peat Marwick Faculty Fellow at that school.