While the accounting profession has sought to use accounting theories to unify accounting practice and make it more useful,academics use accounting theories to understand the role and impact of accounting information.Therefore,academic research on accounting is not useful for professional practice.

Question

Quizplus · Accepted Answer

Academic research on accounting can provide insights and new perspectives that can be applied in professional practice. While the primary goal of academic research may not be to directly impact professional practice, the knowledge gained from such research can inform and improve accounting practices.

While the Accounting Profession Has Sought to Use Accounting Theories