International Accounting

Principles of accounting: A retrospective evaluation of its formation and improvement

Vol. 21, Iss. 4, APRIL 2018

Received: 6 March 2018

Received in revised form: 23 March 2018

Accepted: 30 March 2018

Available online: 14 April 2018


JEL Classification: М40, М41

Pages: 441–451

Akat'eva M.D. Moscow Polytechnic University, Moscow, Russian Federation

ORCID id: not available

Importance Accounting principles underlie the science of accounting. Foreign and Russian scholars are especially interested in the origination, evolution and improvement of accounting principles since the subject is not sufficiently explored in terms of cause-and-effect relationships.
Objectives The article represents my comprehensive research into the formation of accounting principles throughout centuries. I trace historical and modern patterns in setting up accounting principles and conceptual framework.
Methods This research relies upon methods of comparative analysis of the existing scientific and theoretical findings, methods of logic and expert analysis.
Results Having studied organizational principles of accounting, I found a biased approach of authors to their formation, and considerable effect of segregation of duties, specialization and cooperation, and S&T progress in particular. Considering the subject retrospectively, I determine terminological distinctions, cohesion and priority of concepts.
Conclusions and Relevance I conclude that organizational principles of accounting are being constantly updated and refined as scientific and technological developments is at an active pace. As for negative aspects, accounting principles are treated like methodological techniques, thus denying the existence of organizational principles of accounting as they are. Many historical principles of accounting induced today’s principles requiring accountants to be reasonable and unambiguous. Behaviorist, psychological and information paradigms of accounting directly relate to organizational principles of accounting. The findings may be used to prepare scientific and educational editions on accounting theory from perspectives of fundamentals and terminological distinctions.

Keywords: accounting principle, paradigm, retrospective evaluation


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Vol. 21, Iss. 4
April 2018