Preview

Is Thomistic Philosophy Relevant in Seminary Formation?

Powerful Essays
Open Document
Open Document
1269 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Is Thomistic Philosophy Relevant in Seminary Formation?
A Thomasian Accountant Viewpoint
Reaction on the Article “Is Thomistic Philosophy Relevant in Seminary Formation?”
Cl. Marc Will R. Lim, SDB

It gives me hard time to react on an article written by someone whom I perceived belongs to the rule makers, standard bearers and theory setters. Having graduated from a Pontifical University run by Dominicans and with a degree afar from the course which subjects everything to critical reflection, I found myself on the verge of completely adhering. But, now after obtaining a clear purpose, to provide a clearer understanding and appreciation, I am now led to construe and not to merely concur but, to subject it with proper scrutinizing, at least to the point of providing stronger supports to the claim or to totally pose arguments that could attest its inappropriateness.

The question “Is Thomistic Philosophy relevant in Seminary Formation” does not pose simple query but rather more so it entails a deeper search for significance, the suitability in terms of the relationship between two subject matters, namely the Thomistic Philosophy and the Seminary Formation notwithstanding, of course its timeliness. These two factors are main objectives from which I am seeking to be answered so as I will remain or deviate to the conclusion of the respectable black friar.

Relevance, in accounting parlance finds its implication primarily in decision-making. Alone affects greatly a financial decision. In addition, together with timeliness it finds its fullness to give a substantial aid. However, taking them both can make precision and reliability suffer. Relevance signifies suitability considering all other factors affecting.

For example, in the decision to replace equipment that has been used for the past six years, the original cost of the equipment does not have relevance. In other words, the original cost is irrelevant or is not relevant in the decision to replace the equipment. What will have relevance are the future

You May Also Find These Documents Helpful

  • Satisfactory Essays

    (c) In financial statement analysis, it is important to consider special situations or context that…

    • 335 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    acct 3001 exam 1 practice

    • 1212 Words
    • 6 Pages

    Which of the following elements of financial statements is not a component of comprehensive income?…

    • 1212 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Memorandum

    • 1578 Words
    • 5 Pages

    Date: 4-11-09Re: Case 3-5A.Discuss the concept of relevance. In your opinion, would the amounts reported by U.S. companies for property, plant, and equipment be more or less relevant than the current cost amounts reported by companies in England, Mexico, or elsewhere?RelevanceInformation is relevant when it influences the economic decisions of users by helping them evaluate past, present, and future or by confirming or correcting their past evaluations. Relevance is also affected by materiality. Information has the quality of relevance when it is 'capable of making a difference in the economic decisions of users by helping them evaluate the effect of past and present events on future net cash inflows (predictive value) or confirm or correct previous evaluations(confirmatory value), even if it is not being used' (FASB, 2005: 2; FASB 1980: 37). In the IASB framework information has the quality of relevance 'when it influences the economic decisions of users by helping them evaluate past, present of future events or confirming, or correcting, their past evaluations' (IASB, 1989: 24). Both frameworks thus say that accounting information is relevant if it has the capacity to make a difference in a decision. The FASB requires information to be capable of making a difference in the economic decisions of users 'even if it is not being used'. However, to be relevant the IASB definition additionally requires that information is used i.e. influences the decision maker in making economic decisions. Another small difference between the FASB and IASB framework is the FASB framework explicitly mentions that relevant information has to have predictive and feedback value, while the IASB uses these terms implicit in its framework. 'The predictive and confirmatory roles of information are interrelated (IASB,1989: 27).…

    • 1578 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Emotion in Hamlet

    • 5223 Words
    • 21 Pages

    Cited: Aquinas, St. Thomas. Summa Theologica. Trans. Fathers of the English Dominican Province. New York: Benziger Brothers, 1952.…

    • 5223 Words
    • 21 Pages
    Good Essays
  • Good Essays

    There are two key points of Emerson’s critique of organized religion in “The Divinity School Address.”…

    • 205 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    4. Philip’s clergy construct is different from that of others in the sense that he disagrees with the views of members of the clergy who wish to reform certain practices of the church. Philip believes that the traditional methodologies of the church should continue to be followed, and he sees it as somewhat irrational and unbecoming that reformers would revoke what they were taught and swore to carry out. These differences in construction of events and beliefs would most closely apply to the individuality corollary.…

    • 544 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Basketball and baseball are the second and third most played sports in the U.S.A. This year the Chicago Cubs won the world series ending an over a century year run of not winning a world series. The same year the Lebron James guided the Cleveland Cavaliers to an exquisite win the NBA finals ending a streak of over five decades of not winning a final. Whereas basketball and baseball are different, basketball is played on a court and baseball is played on a field. They are also similar as they are both sports and both involve a ball.…

    • 440 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Trinity and God

    • 4487 Words
    • 18 Pages

    Cunningham, L.S. Thomas Merton and the Monastic Vision. Grand Rapids: William B. Eerdmans Publishing Comanpy, 1999.…

    • 4487 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    The essay has a clear student voice, starting with an engaging introduction which understands—but is not prepared to countenance—total skepticism; despite the clumsy formulation (lines 4–5) one senses an awareness of alternative perspectives and a personal stand.…

    • 498 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    • May improve the representational faithfulness of financial statements. • Accountants can use their principles and judgment to come to conclusions.…

    • 734 Words
    • 3 Pages
    Powerful Essays
  • Better Essays

    How To Study The Bible

    • 6251 Words
    • 56 Pages

    may be compared to a magnificent edifice that took seventeen centuries to build. Its architect and builder is God. Like this beautiful world, the work of the Author, it bears on it everywhere the impress of a Divine hand.…

    • 6251 Words
    • 56 Pages
    Better Essays
  • Satisfactory Essays

    Cost Accounting Solutions

    • 8165 Words
    • 33 Pages

    of action being considered. Historical costs are irrelevant because they are past costs and, therefore, cannot differ among alternative future courses of action.…

    • 8165 Words
    • 33 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Saad

    • 344 Words
    • 2 Pages

    • Relevance: relevant to the (intended) users of the financial statements/reports. • Timely: Should be in time.…

    • 344 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    LO1: Describe the objective of financial reporting and identify the qualitative characteristics, conventions, and ethical considerations of accounting information.…

    • 1298 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Theology

    • 4178 Words
    • 17 Pages

    Many people think that “theology” is a big word, which only priests know and can speak about. They think that “theology” is something that is studied only in seminaries or known in churches. They think also that “theology” has nothing to do with everyday life or ordinary events by ordinary people like us. And those who studied “theology” think they are experts and majority of people are incapable of studying or learning “theology”.…

    • 4178 Words
    • 17 Pages
    Powerful Essays