why is accounting referred to as a social science?
Economics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
This is a great question. Economics is a social science; accounting is a profession. Both seem to me to be about mathematics. I guess that economics is mathematics complicated by people and their social habits which is not predictable enough to experiment with in the scientific way.
Answer 2 :
I think that you are probably confusing 'Accountancy' with 'Economics'. The former is not a social science, whereas the latter, is. Economics, involves human behaviour and the choices they make. I was an Accountant, but, thank goodness, not an Economist, although Economics was included within our syllabus.
Answer 3 :
Because it is not an exact science (like physics or zoology). Many of the figures in a company's annual report are adjustable depending on the outcome the Chairman wants to present.
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