Is Accounting a Science? Mainstream Accounting Research Sees a Parallel Between Physical and Social Sciences and Accounting

Abstract

Accounting is a science, a systematic process of identifying, recording, classifying and communicating the economic facts and numbers of an organization. Accounting is a science, following the scientific path of finding and presenting financial results in a structured way. As accounting research has improved dramatically in the last few years, accounting has been concluded to be a social science that studies the characteristics of how accounting functions as a social and institutional practice. This study aims to explain accounting as science and describe parallel between physical and social sciences and accounting based on literature containing theory from both published and unpublished hard-copy and soft-copy scientific papers in books, articles, and online journals.