Case Study about
“Economics & Accounting The Uncongenial Twins”
Contents
- The author of article.
- •Why Uncongenial ? Why Twins ?
- •Answer of questions.
- •The Relationship bet. the Case & Financial Reporting.
- •Main Points.
The author of article
- Kenneth Ewart Boulding (January 18, 1910 – March 18, 1993)
- Was an economist
- England , Boulding was born in Liverpool *
- Oxford University * He graduated from
- Published some thirty books and hundreds of articles
Why Uncongenial ? Why Twins ?
Twins :-
- Both disciplines get their raw material from the same mines.
- Both are concerned with concepts such as income , capital , profits, etc.
- Both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth.
- Both aid people in making sound economic and financial decisions.
Uncongenial:-
- Both seem to fashion different products “different objectives and outputs”.
- Both inhabit totally different worlds.
- Accounting is the activity which provide information to the owner of the business firm while economics does all the activities for the nation and not for an individual.
- Economic based upon assumptions but Accounting upon facts.