Some Aspects of Measurement and Accounting

Abstract

Recent study in the behavior of organizations shows a close connection between the organization, its decision-making agents and the information system of the organization. It is obvious that the accounting system is an important part of the firm's information system, and, almost as obvious but more arguable, that the accounting system is, or at least ought to be, the main structure for the entire information system. Without further belaboring the point here, at least we can assume that this is a reasonable hypothesis. An information system approach to accounting gives some rather incisive insights to our theoretical problems. These are spelled out more fully elsewhere2 but a summary here is worthwhile for perspective. It may be useful first to point out that, with regard to accounting systems,