ESSAY ABOUT SOME ACCOUNTING DEEP ROOTS, IN SUPPORT OF THE FUNDAMENTAL PRINCIPLES
DOI:
https://doi.org/10.11606/rco.v1i1.34693Keywords:
Accounting Theory, accounting roots, substance over form, fundamental principlesAbstract
The objective of this paper is to present a theoretical essay about the main accounting fundaments, translated as accounting roots. Specifically, it was aimed to historically and critically observe accounting status quo, either in national and international scenarios. Considering that some regulators and normalizers take the set of accounting theory fundamental principles as nearly the single, complete, and deep conceptual basis, although they are very important to rule and support accounting practice. The principles are emblematic and its study is indispensible. As results of this research, four large roots are highlighted: the first one of them was characterized by the analysis of the prevalence of substance over form; the second one embraced the discussion about the prevalence of the collective over the individual; the third contemplated the prevalence of allocation over value, and the last one focused the evolution of accounting status quo.Downloads
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