International Accounting
 

Accounting data at different development milestones of accountancy

Vol. 21, Iss. 5, MAY 2018

Received: 13 March 2018

Received in revised form: 10 April 2018

Accepted: 25 April 2018

Available online: 15 May 2018

Subject Heading: THEORY OF ACCOUNTING

JEL Classification: B19, B29, B49, M40, M41

Pages: 585–594

https://doi.org/10.24891/ia.21.5.585

Kashchina Zh.E. Saint-Petersburg State University, St. Petersburg, Russian Federation
z.kaschina@lsg.spb.ru

https://orcid.org/0000-0001-7383-0206

Importance This article studies the concept of data incident in terms of accounting.
Objectives I present my comprehensive research into the role of accounting data as different accounting schools emerged and evolved. I constantly refer to the research Accounting: From Its Inception to the Present Time by Ya.V. Sokolov.
Methods Examining the way accounting data are analyzed, I use the methods of comprehensive, critical, and logic analyses.
Results Despite the development of technology in the post-industrial society, there still exists divergence of accounting data interpretation.
Conclusions and Relevance In the contemporary world of high technology, accounting requires new data processing methods, which would satisfy needs of those who use financial statements and accounting data. Competing in the highly volatile and uncertain market, entities have to make decisions faster, thus seeking for a bigger volume of relevant data. The traditional hierarchical process of decision-making takes too much time to be adequate in the new (digital) economy. Most accounting and financial reporting systems are not designed for quick decision-making. In this respect, I agree with some statements made by Ya.V. Sokolov in his studies, which, I believe, lay the basis for further development of the accounting theory in Russia.

Keywords: accounting data, incident, data refraction, accounting paradox, accounting school

References:

  1. Paytov M.L. [Areas for developing the accounting theory from perspectives of the research ‘Accounting as a pool of business factors’ by Ya.V. Sokolov]. Finansy i biznes = Finance and Business, 2011, no. 1, p. 122. (In Russ.)
  2. Kovalev V.V., Pyatov M.L. [J.V. Sokolov and his role in the development of accounting theory and practice in Russia]. Vestnik Sankt-Peterburgskogo Universiteta. Seria 5. Ekonomika, 2013, no. 5, p. 108. URL: https://cyberleninka.ru/article/v/ya-v-sokolov-i-ego-rol-v-razvitii-teorii-i-praktiki-buhgalterskogo-ucheta-v-rossii (In Russ.)
  3. Hendriksen E.S., Van Breda M.F. Teoriya bukhgalterskogo ucheta [Accounting Theory]. Moscow, Finansy i statistika Publ., 2000, 577 p.
  4. Pyatov M.L. [Theory of the business fact layers in proceedings by Ya.V. Sokolov]. Finansy i biznes = Finance and Business, 2010, no. 7, p. 165. (In Russ.)
  5. Sokolov Ya.V. [Scepticism as a method of economic science]. Vestnik Sankt-Peterburgskogo Universiteta. Seria 5. Ekonomika, 2008, no. 1. URL: https://cyberleninka.ru/article/v/skeptitsizm-kak-metod-ekonomicheskoy-nauki (In Russ.)
  6. Palii V.F., Sokolov Ya.V. ASU i problemy teorii bukhgalterskogo ucheta [Automated management system and accounting theory issues]. Moscow, Finansy i statistika Publ., 1981, 224 p.
  7. Generalova N.V., Sokolova N.A. [Variability of accounting data interpretation]. Vestnik Sankt-Peterburgskogo Universiteta. Seria 5. Ekonomika, 2012, no. 1, p. 179. URL: https://cyberleninka.ru/article/v/variativnost-interpretatsii-buhgalterskoy-informatsii (In Russ.)

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 21, Iss. 6
June 2018

Archive