Accounting Atrill Morgan free essay sample

Mongo Mann Duty Word count: 1175 Accounting Is a subject that Is relevant to business enterprises, especially operating, financial accounting, and managerial accounting Information. There are many ways to define the work engaged In by the accountants. However, In this accounting course. We only focus on 2 famous professors who have 2 different definitions of the accounting career: Peter Trill and Garret Morgan.These 2 doctors gave dissimilar knowledge about accounting but it is still useful to accountants or decision makers. This essay will explain these 2 definitions of both Morgan and Trill, and a critical discussion that supports my opinion about the better description of the work of accountants. Firstly, Morgan proves that accountants are constructors of reality. Through the definitions in Accounting as a metaphorical enterprise, Accounting and the myth of objectivity, and Accounting as an interpretive art (Accounting, Organizations and Society, 1 988, p. 90, 491 ,492), although accountants are confused by the process of reality construction, they still grasp and articulate complex realities into a fully- instituted entity. We will write a custom essay sample on Accounting Atrill Morgan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Moreover, accountants also have to catch and understand deeply the situations they are facing in a much more open-ended interpretive mode to broaden development as well as create intelligent or actionable insights. Garret Morgan also expresses clearly about the role of accounting that: ;accountants often see themselves as engaged in an objective, value-free, technical enterprise, representing reality as is.But in fact, they are subjective constructors of reality: presenting and representing the situations In limited and one-sided ways. They are tot just technicians practicing a technical craft. They are part of a much broader process of reality construction, producing partial and rather one-sided views of reality, exactly as an artist Is obliged to produce a partial view of the reality he or she wished to represent (Accounting, Organizations and Society, 1988, p. 477). Dry Morgan alms to demonstrate that accountants are not only technicians who serve In a technical craft enterprise as a tool. They do not only collect data and give It to users, but also study and analyze It. Accountants use the numerical figures to express their understanding about the measurement provided and find out what would be the best way In their collected Information to release statement and their current situation. Therefore, they can control their operating business in right ways. Is quite different.Dry Trill suggests that accounting is the process of identifying, measuring and communication information to permit informed Judgments and decisions by users of the information (Accounting an introduction 4, p. 2). Accounting provides useful information for decision-makers who need to plan or control the businesses. For example, accounting provides information about the business operation or the performance of the business to external parties such as investors, creditors, and tax authorities or relevant users like suppliers or investors to examine, estimate, value, and make a decision (Principles of Accounting, 2009).It also can be easily seen that the main purpose of accounting is preparing financial reports on a regular basic to perform to show the problems that company is facing if it is bad or not. Then, the company can find out the best way for the performance in the business enterprise. Besides, accounting also focus on measuring the alternative element in operating process such as what was the position at the beginning and ending of the period and what happened during the period to help their users to make rational choices about the allocation of scare resources (Accounting an introduct ion 4, p. ). Finally, in a simplified way, Peter Trill suggests an easy way to define the role of accounting: Accounting is the art of recording, summarizing, reporting, and analyzing financial transactions (What is Accounting, 2006). It cannot be denied that counting is very important and necessary for every organization to collect and analyze information to make right decisions, adopt, and control better the performance in their business. Notice that the accountants relate to Trills principle can satisfy their customers easily but without considerations about the information given to user.Meanwhile, according to Garret Morgan, it is not simply only to record, summarize, report or analyze data and give it to users. Accountants need to be more sensitive and careful to the information collected. They have to ensure that what they are counting for will be appropriate and clear. So that, the y can provide a critical understanding of the multiple meanings and range of possible actions with which they are faced, then can develop the knack of reading complex situations with various scenarios in mind, and of forging actions appropriate to the understandings obtained (Organizations and Society, 1988, p. 84). Moreover, accountants relate to Moorings principle get their clear Job to construct the reality. Accountants are not like practitioners working in a technical craft anymore. They do not only collect and analyze data like general, but they also have an influence integral to the operation of company or organization, even they can bring the company significant benefits or advantages. However, every company considers the pros and cons in this definition; everything gets its 2 opposite sides.Accountants may have uncontrollable activities when they got more power in the company or organization by changing the entity. Because of the involvement of many financial transactions and the accountants have their own ways to record and interpret the numbers, data or information, so, the ant to attract the investment from users although there is a bad situation that their company is incurring. And then, who get the highest risk are still users because they cannot know whether the information they r eceived is accurate or not. In another case, there is an example about the decision to write the purchase of an asset off as an expense right away or capitalize and then depreciate it. Whichever decision is made changes the picture represented by the books. I might choose to capitalize the asset, while another might choose to expense it. Hence, there are 2 possible different pictures. And thats Just for one transaction.Over the years, two different accountants would generally have created quite different sets of books pictures for the same set of financial transactions (Accounting definition-Garret Morgan, 2009). These 2 above examples referred 2 limitations in Moorings definition. However, the definition of Garret Morgan is still more adequate than Trills one because Morgan concentrate deeply not only on the accountants tasks but also on the reality and broader concept of the nature and role of accounting in companies.In addition, it also considers the tension that exits between the world as viewed by the accountant, and the world in a wide sense which help accountants easily characterize relations between accounting, organizations and society. In conclusion, Peter Trill and Garret Morgan are popular with their definitions. Everyone has their own explanations and suggestions about the role of accounting. Overall, Although there are some dark sides in Moorings theory and Trill defines with easier theory to understand, Moorings definition still have better description.