Accounting as a discipline has no theory. Critically evaluate this statement and provide examples to illustrate your argument.

Accounting as a discipline has no theory. Critically evaluate this statement and provide examples to illustrate your argument. Accounting is concerned with the collection, analysis and communication of economic information, which can be used to make decisions and plans about business by various users. The Committee On Terminology of the American Institute of Certified Pubic Accountants defined accounting as follows: "Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in past at least, of a financial character and interpreting the results thereof". (Ahmeo Riahi-Belkaou, page 32) Accounting is said to be a language used to communicate information to people. Accounting is also an intellectual discipline and a profession. Moreover, accounting is socially constructed and practiced by people for people, which influence workings and relationships in society.The history of accounting stretches back to when the first ancient accounting system began, which was originally based on measurement and recording activities, and th en the significant emergence of double-entry bookkeeping around the 15th century, as a basis for further accounting development that consequently resulted in modern Ango-American accounting in the 20th century.Clay accounting tokens, Susa, Uruk period.Whereas accounting was mainly an "internal matter" where the proprietors were close to the business, the growth of companies led to the requirement of stewardship accounting. As a result of further industrial development, changing social environment and establishment of professional accounting bodies, the accounting theory should systematically develop in accordance with importance of accounting in modern society. In recent years, more and more theorists start to assess the nature of accounting theory as well as argue whether there is an accounting theory or not.In this essay, I am going to exam the definition of accounting theory and provide evidence to ascertain the existence of a complete accounting theory.A theory is defined as "a set of interrelated constructs (concepts), definitions and propositions that...

The Most Important Part Of Emergency Planning Example

The Most Important Part Of Emergency Planning Example The Most Important Part Of Emergency Planning – Coursework Example The Most Important Part of Emergency Planning Affiliation The most important part of emergency planning Emergency planning is a key element in today’s operations because it helps in preparedness, response and reduction of risks that are caused by emergencies. There are various aspect of emergency planning, and the first aspect is that of the establishment of an emergency planning team. A group or an individual in the organization is vested with the obligation of coming up with a contingency plan. The size of the emergency planning team will depend on the business operations of the organization or the facility and the resources available in the organization (Federal Emergency Management Agency, 2010).  The members of this team are selected from all functional units of an organization. The second aspect of emergency planning is the structuring of a clear chain of command or establishment of authority. Doing this will ensure that there is the commitment by all the stakeholders and promotion of an environment of cooperation because of the protocol that has to be followed. The third aspect of the plan entails the outlining of the mission statement. A clear mission statement shows how the stakeholders are committed to emergency preparedness. The mission statement will outline the goal and objectives of the plan and show the involvement of the entire organization in the plan (Federal Emergency Management Agency, 2010).   The fourth aspect is the development of the plan, and this will entail all the basic components such as the approaches and responses to an emergency. Finally, there is the aspect of emergency plan implementation, which will ensure that the plan is exercised in case of an emergency. The most important part of emergency planning process is that of implementation. This is because, at this stage, there is an analysis and evaluation of the plan. If the plan does not perform efficiently, then it is recommended for modifications. If it fairs well, it is then adopted by the organization and used in future emergency cases (Bevilacqua, Ciarapica, & Paciarotti, 2012).ReferencesBevilacqua, M., Ciarapica, F. E., & Paciarotti, C. (2012). Business Process Reengineering of emergency management procedures: A case study.  Safety Science,  50(5), 1368-1376.Federal Emergency Management Agency. (2010).  Developing and maintaining emergency operations plans. Washington, D.C.: Dept. of Homeland Security. Federal Emergency Management Agency.