Accounting Approaches: Deductive vs. Inductive Approaches
Two major divisions exist regarding the classification of accounting approaches: the inductive and deductive method. "In the deductive or judgmental approach, relevant environmental factors are identified, and, by linking these to national accounting practices, international groupings or development patterns are proposed. In the inductive or empirical approach, individual accounting practices are analyzed, development patterns or groupings are then identified, and finally explanations keyed to a variety of economic, social, political, and cultural factors are proposed" (International accounting patterns, culture, and development, 2012, Wiley: 35-36). In other words, much as in philosophy, in the deductive approach, the analysis proceeds from the general to the specific, while in the inductive approach, the classification system proceeds from the specific to the general.
The first and still one of the most popular deductive methodologies was first developed in 1967 by Gerhard Mueller. Mueller identified four classifications of accounting approaches. In the first, "business accounting correlates closely with national economic policies" (International accounting patterns, culture, and development, 2012, Wiley: 36). This means that business accounting practices are used to support the government's overall national agenda, such as "to stimulate growth, special reserves created to promote investment, and social responsibility" (International accounting patterns, culture, and development, 2012, Wiley: 36)....
In aaccounting research, the model used would be called analytical modeling, which consists of sstudies that use models with no specific underlying economic theory but use mathematical techniques. The mathematical formulas are applied to test and establish laws and accounting practices. Simulation, or the practice where the analysis is so complex that it requires a computer, is also an example of an inductive accounting practice research methodology. Finally, pragmatic research
Pattern of inductive reasoning is as follows: Theory ?Tentative Hypothesis ?Pattern ?Observation. While inductive approach is concerned with the open-ended explanatory, deductive reasoning chooses a narrow perspective by testing or confirming the hypothesis. (Trochim, & Donnelly 2007). Typically, inductive reasoning chooses qualitative approach to test the hypothesis. However, the deductive approach employs quantitative method to test hypothesis before arriving at confirmation. In qualitative research, it is not necessary to
Internship Tasks The main task during the internship was articles about Dow Water & Process Solutions (DW&PS). The aim was to illustrate the processes going in water treatment plants and to explain the importance of wastewater reuse. Also, I helped preparing a few press releases that informed about new technologies or projects DW&PS is involved in. Such was the DEMOWARE press release, which I found very interesting and decided to
Internship Tasks Main task during the internship was articles about Dow Water & Process Solutions (DW&PS). The aim was to illustrate the processes going in water treatment plants and to explain the importance of wastewater reuse. Also, I helped preparing a few press releases that informed about new technologies or projects DW&PS is involved in. Such was the DEMOWARE press release, which I found very interesting and decided to look
Mixed Methods Benefits and challenges of Qualitative, Quantitative and mixed methods approaches to research Benefits and Challenges of Qualitative, Quantitative and Mixed Methods Approach to Research In any type of research, it is possible to characterize a research's study methodology as qualitative, quantitative, or one that involves the two methods, in which case it becomes a mixed method approach. Moreover, the term research design is popular in research, but it takes varied
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