SCITECS 386

(9:30 - 11:00 AM)

Presenters:
Leedeth Jillienna D. Culanag
Danna Angela C. Daylo
Sophia Q. Dilao
Riza Mae J. Dumayas
Jieffer Zhen L. Jata-as
How can the DEMARCATION
PROBLEM or telling science from non-
science be related to your course?
How important is its implication?
Give at least 5 examples and
explain
Demarcation problem is related to our course in a
sense that accounting is a science that makes decisions
after carefully analyzing, comprehending, and
recording business transactions.

By separating science from non-science, we will be able

to provide the company with accurate and reliable
information by adhering to a set procedure as future
accountants.
On the other hand, it's critical for us accountancy
students to make a distinction between science and
non-science because accountancy requires organized
knowledge based on certain fundamental principles in
order to produce a financial conclusion that is
pertinent to the information's intended users, who fall
under the purview of science.
Additionally, the accounting process follows a
methodical and planned route to comprehending the
financial situation of a business, which is why the
accountancy program should be able to clearly discern
between what is scientific and what is not science to be
able to give a faithful representation of financial
information that are also verifiable, comparable,
understandable and timely.
 EXAMPLES
WITH
EXPLANATION
1 Accountancy is related to science or they have
something in common, for example, accounting
has a process or it needs a process just like
science. Moreover, accounting requires gaining
knowledge about the economic status of an
entity by a systematic study and we all know
that science includes a systematic observation,
study, practice, experiment and investigation
which is also necessary in accounting.
2 The demarcation problem is tied to our subject
Law of Obligations and Contracts because we
must decide the precice law that is appropriate
in each circumstance, and that law must be
founded by that law itself. It can be connected
to the distinction between science and non-
science since certain hypotheses are also
supported by general laws that have been
established for a particular concept.
3 The demarcation problem is also connected
to another subject of ours which is the
Economic Development since to determined
the development of a certain country, it
should be based or tested using different
systematic measures such as GNI, GDP, birth
rate and literacy rate which is inside the
scope of science.
4
Accounting requires you to determine if
a transaction is relevant or not as well
as whether it is measurable; as a result,
this sort of procedure is strongly tied to
science because we prioritize these two
factors while conducting research.
5 The demarcation problem teaches us to draw
conclusions after carefully considering the
evidence, and this lesson may be applied to
accounting as we or other individuals who utilize
financial information base our decisions on
financial figures. As a result, we draw these
conclusions by examining the evidence that a
certain business transaction actually
transpired.