Record Details

The Accounting Concept Of Measurement And The Thin Line Between Representational Measurement Theory And The Classical Theory Of Measurement

International Business & Economics Research Journal

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Field Value
 
Title The Accounting Concept Of Measurement And The Thin Line Between Representational Measurement Theory And The Classical Theory Of Measurement
 
Creator Scrimnger-Christian, Charmaine
Musvoto, S. Wedzerai
 
Subject Financial Management; Statistics
classical measurement theory; representational measurement; ontological; rationalism; empiricism
 
Description The purpose of this study is to discuss a possible way forward in accounting measurement. It also highlights the importance of understanding the lack of appreciation given by the accounting researchers to the distinction between representation measurement theory and the axioms of quantity on which the classical theory of measurement is based. For long, research in measurement theory has classified representational measurement as nothing but applications of the axioms of quantity. It was believed that there is in existence a single approach to measurement theory. However, recent studies in measurement theory have shown that there are two sides to measurement theory; one side at the interface with experimental science which is emphasized in representational measurement and the other side at the interface with quantitative theory which is emphasized in the classical measurement theory. Research in accounting measurement has concentrated on establishing a representational based accounting measurement theory. This has been done under the premise that no measurement theory exists in the discipline. Thus, this viewpoint neglects the concepts of classical measurement theory that already exists in the accounting discipline. Moreover, this created misunderstandings in accounting with regard to whether a theory of measurement exists in the discipline. This study highlights that the accounting concept of measurement was conceived under the principles of the classical measurement theory. Therefore this reason, it is suggested that research and improvements to the accounting measurement concept should be made in the light of the already existing principles of the classical theory of measurement in which the accounting concept of measurement was conceived.
 
Publisher The Clute Institute
 
Date 2011-04-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/4231
10.19030/iber.v10i5.4231
 
Source International Business & Economics Research Journal (IBER); Vol 10 No 5 (2011); 59-68
2157-9393
1535-0754
10.19030/iber.v10i5
 
Language eng
 
Relation https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/4231/4302