It seems to me, that your power is a hidden power
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It seems to me, that your power is a hidden power

SECTION B - Answer any two questions from this section.

QUESTION FIVE      

“It seems to me, that your power is a hidden power, because people only think of you as communicating reality, but in communicating reality, you construct reality.”

“That’s right. A hidden power…” 

(Hines, 1988, p. 257)

Required:

In relation to the above quote critically discuss the issues of objectivity and subjectivity in accounting and the hidden power that Hines (1988) argues accountants hold. Support your answer with relevant examples. You should debate whether accounting is objective or subjective, drawing conclusions.

Hint
Accounts and Finance The objectivity principle asserts that both financial reporting and accounting information ought to be independent and reinforced with unprejudiced evidence. The objectivity principle makes the financial information extra operational to the stakeholders and creditors when financial statements more appropriate and dependable...

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