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Revolution In Financial Reporting Theory : A Kuhnian Interpretation, Tom Mouck
Revolution In Financial Reporting Theory : A Kuhnian Interpretation, Tom Mouck
Accounting Historians Journal
A Kuhnian perspective is used to explain the transition in financial reporting theory from an economic income perspective to an informational perspective (a transition that Beaver refers to as a revolution), and to examine the subsequent development of the latter. The demise of the economic income perspective (represented by the normative a priorists) is attributed to the lack of a paradigm which could serve to identify research problems and provide methodological guidance. The success of the informational paradigm, on the other hand, is attributed to the fact that it was, in essence, a sub-paradigm of the broader and well-established market …