Name: ANABO, IVAN G.

Course & Year: BSA – 3 (Second Sem)

Subject: ACCRESM Sec Code: 412
Teacher: LACABA, CARL
UNIT 1
HISTORY AND NEW DIRECTIONS OF ACCOUNTING RESEARCH

Exercise 1
1.) With the proliferation of accounting researches today that are motivated only by the need of an
accounting academic to get job promotion, how can you tell whether an accounting research work is
meaningful or not?
Accounting research is critical to the development of new knowledge. It is carried by academics
and practical accountants. It entails a review of present accounting procedures, the creation of
new practices, and the creation of education systems. Accounting research is useful when it
assists a company in making important decisions and developing successful growth strategies.
Furthermore, it aids to economic development by supplying the necessary integrated
accounting information that is both reliable and credible. On the other hand, we can claim that
accounting research is meaningless when there is a lack of required information or when the
required knowledge isn't useful in enhancing how accounting should be practiced.
2.) Do you think normative and historical approaches to accounting research are still significant? Why
or why not?
Yes, normative approach is most commonly found in a company’s business or marketing plan,
takes a subjective approach. It seeks to prescribe some basis of accounting that’s why it still
significant. While historical approach, the accounting historians are taught to conduct historical
research by using primary source materials (Fleischman and Tyson, 2003). They further added
that the work is informed through the careful examination and analysis of primary source of
materials. In addition, historical approach is significant in accounting research because it
focused on topics such as the origin of double-entry bookkeeping and etc.

3.) Differentiate the terms ‘statistical significance’ and ‘economic importance.’

According to Tenny and Abdelgawad (2021), in research, statistical significance is a measure of
the probability of the null hypothesis being true compared to the acceptable level of uncertainty
regarding the true answer. Also, it refers to the claim that a result from data generated by testing
or experimentation is not likely to occur randomly or by chance but is instead likely to be
attributable to a specific cause (Berry-Johnson, 2020). While, Economic importance in the other
hand is to know the cause-and effect relationship in the economy, said by Thomas Sowell. In
research, economic significance entails the statistical significance and the economic effect
inherent in the decision made after data analysis and testing (Analystprep.com, 2019).
Unit Activity 1

❖ Most English-language accounting research was normative,
arguing, how accounting should be practiced.
❖ Computers and electronic databases were not seen in accounting
departments, and if an empirical study, such survey, were to be
undertaken, all of the data would have to be hand – collected.
❖ The AAA, for its part, sponsored a series of prescriptive ‘principles
statements.’
❖ A new era in accounting research dawned in the middle and later
1950s and in the early 1960s.
❖ Accounting research had a rebirth, as four new and important
research were founded: Journal of Accounting Research (1963),
Abacus (1965), International journal of accounting education and
research (1965) and accounting and business research (1970)
❖ In 1960s, computers became increasingly available to academic
researchers and the emergence of computerized databases
❖ In 1966, the university of Chicago began holding annual empirical
research conferences, and the journal of its institute of professional
accounting
❖ The increase in empirical main articles increased from 6% to 27% in
1969 and 60% by 1972

Prior to 1960s 1960 to 1970 1960 to 1970

❖ Introduced agency theory as an appealing way to address certain

accounting issues
❖ Most of the work in this has taken the form of model building
 UNIT 2
QUALITATIVE RESEARCH METHODS
 UNIT 3
QUANTITATIVE RESEARCH METHODS
 UNIT 4
REVIEW OF THE RESEARCH WRITING PROCESS