Sterling 1973 Article Summary Essay Example for Free

Sterling 1973 Article Summary EssayDuring the initiation of the article the author Robert Sterling declares the purpose of discussing the inconsistencies between research accounting, knowledgeal accounting, and professional practicing accounting. The reason organism for these differences between the major arenas of accounting is the isolation of research results from both practice and education. However, the absence of conflicts between education and practice is due to the harmony between educators preparing students to operate for the practitioners or employers. The author continues by discussing historical publications near the problems with paygrade especially in the subject of valuation of marketable securities. Sterling confides that on good one thousand marketable securities ought to be valued at market.He observes the disconnect between the education system and the valuation of marketable securities pointing out the main educational accounting theory derives from th e intermediate course texts, which raise the interrogate of valuing marketable securities, however does non present the results of research contradicted in education and practice. This as an example to garnish the larger point that the accounting profession wrongly passes down principles as a tradition not based on best practice, therefore teach research results. The suggestions being teach research results as the desired state, and teach accepted practices as the current state. Questions regarding this article are the following Do you believe research results need to be incorporated into todays accounting education? How should the detriment of caution be dealt with to implement research results? How could the three arenas of accounting be best connected (research, education, and practice)?