BRIDGING THE GAP BETWEEN THEORY AND PRACTICE IN ACCOUNTING
BRIDGING THE GAP BETWEEN THEORY AND PRACTICE IN ACCOUNTING
Author(s): Delia Corina MihălţanSubject(s): Politics / Political Sciences, Economy, Business Economy / Management, Micro-Economics, Economic policy, Political economy, Politics and communication, Methodology and research technology, Accounting - Business Administration, Socio-Economic Research
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Financial information system; Accounting theory; The gap between theory and practice; Didactic principles;
Summary/Abstract: The current paper aims at raising awareness about the differences between theory and practice in accounting. It focuses on the logical path that a student or a novice in this field must follow in order to apply theoretical knowledge into practice. The role, the structure, and the features of the financial information system (as part of the informational system of the entity) are presented in comparison with the accounting ledgers used in the traditional accounting (where transactions were recorded manually). These ledgers are the starting point of any accounting when acquiring the practical knowledge. In addition, the paper considers the didactic principles most suitable to bridge the gap between theory and practice in accounting.
Journal: SEA – Practical Application of Science
- Issue Year: VII/2019
- Issue No: 20
- Page Range: 85-91
- Page Count: 6
- Language: English