Information versus Measurement School in the History of Accounting Thoughts

Guoyu Lin


What is the economics substance (or core) of accounting? What is the function and value of accounting and accountants in our society? With the development of accounting and scholarly accounting research, two schools of thought emerge and play an essential role in understanding the efficient functioning of accounting, namely the information school and the measurement school. This paper reviews and compares the information and measurement school in the history of accounting thought. Moreover, we propose a third integrated methodology. It might be helpful to have a complete picture of accounting subjects. In the end, some potential research directions are offered as well.

Keywords: Accounting, Information school, Measurement school, Accounting Thought.

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