The Contribution of Academic Research to Accounting and Financial Essay

The Contribution of academician Research to Accounting and Financial Regulation - Essay Example1). Despite the contribution of academic enquiry in advancing theory, however, Coetsee (2010, p. 1) pointed out that no comprehensive theory in chronicle has emerged. I stimulate used only chronicle journals except one which is a journal in management. I see that the definitions of accounting and financial regulation in the journals have the same standard and the definitions are basically harsh in the profession. There corporation significant variations, however, in the area of financial regulation as the definitions can reflect theories on how financial regulation can best be implemented. In any case, the particular proposition definition of accounting and financial regulation follows what the author or authors have used in their works. near of the authors do not even have a definition of accounting and financial regulation, by chance as a tacit assumption that there is a usual de finition of the concepts in the accounting journals anyway. ... 273). Academic look into is usually associated with research that is undertaken for its own sake, something done for the advancement of knowledge. It is different from the other pattern of research which is usually described as policy-oriented. Academic research is usually found in journals age policy institutes, government, financial regulators, and consultancy groups usually undertake policy research. Although academic research is usually described as theory-oriented, in accounting it seems difficult to separate the theory part and the parts that are relevant for incorporated governance. Baker and barbu credited the academic community for improving rigor and theoretical underpinning in their research and the said factors contributed a lot in the major step in the harmonization of accounting standards in Europe (Baker and Barbu 2007, p. 273). Between 1965 to 2004, the academic community had an increasing output of academic research cogitate to the international harmonization of financial standards (Baker and Barbu 2007, p. 276). However, the idea of creating a conceptual framework to facilitate accounting harmonization was introduced much earlier or in the 1940s (Baker and Barbu 2007, p. 280). In the mid-eighties, an important division endureed by accounting academic research is that the research pointed out that cultural and economic factors play important roles in shaping differences in accounting practices by countries (Baker and Barbu 2007, p. 280-281). Another sub-theme that had been prominent during the 1980s is the role played by history in shaping the accounting practices adopted by countries (Baker and Barbu 2007, p. 281). During the mid-1990s, the arguments towards accounting uniformity played an