Ideas Motivate Action

Abstract

Exchange-priced transactions should be recognized and treated as items of enterprise experience, which should be summarized for later review. This is so because the major objective of accounting technology is to aid men to understand the results of enterprise management’s decisions. This, in turn, is based on compelling concepts that invite certain conclusions and limitations that direct certain exclusions. Intentions, purpose, and objectives lie at the heart of transactions and their nature is an aspect of the logic of accounting actions.

Citation

(2016), "Ideas Motivate Action", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 129-137. https://doi.org/10.1108/S1479-350420160000020036