Why Bother with Postulates?

The article presents an exploration into the theoretical basis of accounting and its significance. The primary lack of theoretical principles driving accounting practices is highlighted and the utilitarian focus of methodology evaluation is described. Calls for theoretical frameworks to encapsulate and drive accounting methods are analyzed, advocating the value of postulate deduction as a means to employ research and structure without compromising the practice-based nature of the discipline. Difficulties in the method are mentioned, but the potential for progress is stressed to a greater degree.