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Essay Accounting As A Science

Accounting can be considered a science because it uses systematic methods such as induction and deduction to represent the economic reality of companies in an objective manner. It is based on concepts, theories, and laws, just like other sciences. It provides explanatory, predictive, and control financial information that enables decision-making in organizations. Therefore, it can be stated that accounting meets the criteria to be considered a science.

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19 views7 pages

Essay Accounting As A Science

Accounting can be considered a science because it uses systematic methods such as induction and deduction to represent the economic reality of companies in an objective manner. It is based on concepts, theories, and laws, just like other sciences. It provides explanatory, predictive, and control financial information that enables decision-making in organizations. Therefore, it can be stated that accounting meets the criteria to be considered a science.

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Can accounting be considered a science or not?

Essay

Fabio Ivan Avendaño Paredes


Code: 1092334447

Currently, accounting plays an important role in companies.


Thanks to her, the financial statements can be managed in an organized manner.
same, organize the accounting structure, taking into account that for all
the company accounting is important, as it allows for the implementation of the
accounting and financial structure. Regarding this, authors like Ramírez, Backer &
Jacobsen (1994) points out that through accounting it is possible to keep the
financial information in the company, since without it, the can’t be managed
financial resources and the company would not be able to meet the planned objectives
by management.

In this regard, Zapata (2016) considers that accounting is an element of


information from an entity regarding its proclamation and evaluation
the same, facilitating the decisions of its administrators and third parties. It is
to say that through accounting it is possible to design essential means
that allow evaluating the financial results of the company; through the
accounting can analyze the effectiveness with which management achieves
maintain intact the shareholders' investment and additionally obtain a
fair performance, as this is the best support to facilitate the process
administrative and to be able to carry out the functions of planning, control and
decision making in the company.

Given what has been stated in the previous paragraphs, the following can be proposed

Is accounting a science?
Until now, the importance of accounting has been demonstrated for
the companies, based on the aforementioned authors, can be considered that
Accounting is essential in the life of companies. However, before
To answer the question, it is necessary to first define what can be understood.
by science, in this regard Chávez (2005) defines science as knowledge that comes from
from the objective to the subjective organized by categories, laws, and theories, their field

action is universal within space and time. In this same order of


One could cite Ruiz (2005), who states that 'science is the sphere of the
research activity aimed at acquiring new knowledge about the
nature, society, and thought..." According to these authors, science
is part of human knowledge, influences the daily happenings of people, it
fundamental from the scientific and the social, that is to say that it influences every aspect

of people's lives, as Núñez expressed it, (2008) 'Without science there is no'
culture", science is fundamental, it includes all the conditions and elements
necessary ones that seek to facilitate things in society in general, among which
aspects such as: scientists, scientific institutions, the
scientific-research working methods, the conceptual and categorial apparatus and the
scientific information system.

Clarifying the above regarding science and considering that the


Accounting is an essential element in the life of companies and why not
in the same people, if both concepts accounting-science are configured,
it can be said that the first can be considered a science, since according to
Zarmiento, (2001) "accounting is a technique that records, analyzes and interprets"
chronologically the movements or commercial transactions of a company
if this concept is observed and compared with that of science according to Kröber, (1986)
who defines science not only as "a system of concepts, propositions,
theories and hypotheses, but also, simultaneously, as a specific form of
the social activity directed at the production, distribution, and application of the
knowledge," taking into account these two concepts: accounting - science, and
analyzing what accounting does in companies and in society in
In general, highlighting what has been described so far, it can be said that the
accounting is a science, since it allows for the design of a personal scheme of
financial information, facilitating the organization of the structure in the
companies.

According to Lara & Lara (2018), accounting is the science that teaches the rules.
and procedures to order, analyze, and record the operations carried out by
individual economic units or those established in the form of companies
civil or commercial. Likewise, Cañibano (1996) describes accounting as
a method, within some postulates that are developed through foundations
qualitative and quantitative that through rules can guarantee a correct
financial information in companies. According to the aforementioned authors, there
One can say that accounting is a science that requires procedures and
methods for its proper application, allowing it to function in a manner
appropriate, allowing financial information to be structured in a manner
scientific and methodical.

Being accounting of utmost importance in the daily activities of a


company, since through it there is a close relationship with the
functioning, use, and availability of resources, this determines success or
failure to carry out the economic activities undertaken by the company;
for this, complex tools are required to organize and
structure the materials, facilities, personnel, among other factors that are
necessary for the provision of a service, decisions must be made that
help to effectively manage the achievement of the planned objectives, this
precisely what can be called science. In this sense, it is worth mentioning the
next
Accounting is an economic science that addresses
explanatory, predictive, and control information, of the measurement and
aggregation of the value of wealth and generated income in the
exchange of private and public subjects (Ángel, 1992 p. 11).
It can be said that accounting as a science uses a series of methods and
tools that allow to achieve financial objectives explicitly and in
relationship to the increase and intensification of profitability, allows for the
returns on assets and income as an aspect of the financial type that it is,
and is part of the reason for being of most productive organizations.
According to Díaz & García (2005), accounting as a science allows top management...
management of the business units specify how success will be evaluated in the
long-term company and the most important variables for the creation of the
objectives and goals tailored to the economic sector, competitive environment
and strategy of that business unit.

According to what is described in the previous paragraphs, which, from a point of


From a theoretical and practical perspective, accounting can be seen as a science, this
considering that Accounting develops a specific methodology for
obtain and provide information on the status and development of certain
economic realities. In this regard, Ramírez, Backer & Jacobsen (1994) indicate
that accounting as a science is responsible for providing an evaluation, representation
and coordination with the financial area of the companies through a process of
induction that later becomes deductive, allowing for the obtaining of
the revealed economic reality, representative, in accounting terms.

Throughout this essay, the importance of has been appreciated.


accounting in companies, as well as the concept that various authors have
regarding accounting as an indispensable tool in all
organization. A large part of the authors consider it a science that accounts for
of the economic and asset reality, which also allows to visualize the
financial situation of the company or business.
In conclusion, it can be said that accounting is a science.
economic, which facilitates the accounting and financial process in companies,
allowing them to be organized, preserving the information not
not only financial but also of economic and social facts. It can be
consider it a science since its implementation uses methods and
techniques for recording, classifying, and meaningfully summarizing everything
related to the financial and accounting aspects of organizations
business

What is described in this essay allows us to observe why it can be


to consider accounting as a science, since it is based on two methods
from scientific research: qualitative and quantitative, for its correct
performance within the organization and through which can lead to
to know, guide and question the economic-administrative performance that allows
make decisions based on the past, present, and future knowledge of reality
financial and economic situation of the company, that is to say, that accounts for the state and the

evolution of the company's economy, which addresses with the information


explanatory, predictive, and control over the measurement and aggregation of value of the
wealth, through this one can see if the company is profitable
economically or on the contrary presents losses instead of gains.
BIBLIOGRAPHIC REFERENCES

Ángel M. (1992) Principles of Economics. Macchi Editions. Buenos Aires


Argentina.

Cañibano L. (2004) Financial information and corporate governance. In: Journal


Accounting and Auditing Law No. 19.

Necessary Approach to General Pedagogy


and Education. Havana.

Díaz M. & García Y. (2005). The role of financial information as a strategy


for administrative control in companies. University of the East
School of Social and Administrative Sciences. Maturin, Venezuela.

Kröber G. (1986) About the relationships between history and development theory
from the sciences. Cuban Journal of Social Sciences v. 4, n. 10.

Lara E. & Lara R. (2018) First Accounting Course, 29th edition. Editorial Trillas.
Bogotá.

Núñez R. (2008) Interview the Time. Recovered of


Unable to access external content directly.

Ramirez N. Backer M. & Jacobsen J. (1994). Managerial Accounting. Publisher


McGraw Hill. Bogotá, Colombia.
Ruiz A. (2005) Introduction to research in education. Printed and published
by MINED. Cuba.

Zapata P. (2016) General Accounting 8th edition. Alfaomega Group Publishing.


Editor. Bogotá

General Accounting

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