Fundamentalne zasady leżące u podstaw nauki rachunkowości
Fundamental laws underlying the theory of accounting

Summary/Abstract: The main part of the paper consists of epistemological considerations aimed at identification of the funda-mental principles forming the basis of accounting theory. These fundamentals principles are, first of all, the two laws of thermodynamics that are known as the laws that drive the Universe. They allow the nature of capital to be explained and the model of capital together with the constant of potential growth to be developed. The third fundamental law is the principle of least action. Its significance in the sciences and economics has long been recognized. Cost accounting and managerial accounting, too, are driven by the least action principle. Another element taken into account in accounting theory is the constant of the po-tential growth. It supports fair value theories as well for estimation of the growth rate. The last part of the paper discusses the question of widening the scope of financial reporting by including such aspects as human resource costing and fair compensation for employees.

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