Accounting Theory
According to Lawrence and Stewart, DR Scott was of the opinion that “Disputes about the appropriateness of accounting techniques should not be resolved by appeal to practice or tradition”. Lawrence, C. and Stewart, J.P., “DR Scott’s Conceptual Framework”, The Accounting Historians Journal, Vol. 20, No.2, pp.95-116, December, 1993, p111. Required: Discuss, with reasons, whether you agree with the above statement and what alternative approaches might be adopted.
