Alternatives to inventory pricing and depreciation expense calculation are examples of actions beyond the limits of the actual experience of an enterprise. They tend to mix expectations (looking forward) with actual experience (looking backward). Both cannot be equally objective. The calculation...

Within enterprise accounting, there is a significant degree of pragmatic logic. It is a suitable means toward the objective of making transaction-experience understandable. It is a combination of theory and practice and of ideology and methodology. The reason accounting function is so thoroughly...