Chủ Nhật, 30 tháng 8, 2015

Accounting :Art or Science ??

At some point of learning accounting, we all faced a common but intriguing question-Is accounting is an art or a science? Somebelieve it is a science and some say it is an art, some, both. Let’s find out whether accounting is an art and/or a science.

Accounting is a science

Accounting is the science of recording and presenting the financial data of an economic entity by observing, detecting, investigating, and identifying the economic events via established collecting, testing, analyzing and presenting methods.
Accounting; like science follows a systematic and organized path to understand the economic status of the entity. Science is obtaining knowledge about by a systematic pattern including observation, study, practice, experiments and investigation. Like Science; Accounting requires to gain knowledge about the economic status of an entity by systematic study.
For a scientist; to reach an acceptable conclusive result on a particular matter or topic requires identifying recording, measuring, researching it. An accountant finalizes the economic results by identifying, analyzing, classifying using the method of double-entry bookkeeping accounting system. So, Accounting is a science that includes comprises of rules, principles, concepts, conventions and standards like science.

Accounting is an art

The term “Art” means diverse range of human activities and study of these activities but most often misused or misunderstood to refer to painting, film, photography, sculpture, and other visual media. Art is using the skills or techniques of any field.
We can say that art is the study of implementation of techniques and methods. It presents the financial findings by following and implementing a universally accepted method (GAAP). Art is the study of implying scientific method to practical use. Accounting is an art as the established rules and principles of accounting is applied in bookkeeping process of and economic entity.
Views and thoughts about whether accounting is an art or science differ from accountant to accountant. Processes and methods used in accounting can be underlined as scientific, and the decisions and estimation making can be classified as an art. The rules and principles is the science part of the “accounting” and choosing the way to use them is considered as the art.
Whether accounting is an art and/or a science :
Accounting is a great profession if you love interacting with people, handling and learning about money distribution. The sweet part is that you help people with their personal finances, so you can guide them. 

{From s.o}

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