Explain what is meant by problem distillation and its implication in the research process?6/29/2018 Identifying Question:
Explain what is meant by problem distillation and its implication in the research process? Identifying the Source: Weirich, Thomas R., Thomas Pearson, Natalie Churyk. Accounting and Auditing Research: Tools and Strategies, 9th Edition. Wiley, 2017-08-23. VitalBook file. FASB. "The Conceptual Framework." Financial Accounting Standards Board, May 22, 2018. Answer To The Question: Problem distillation is synonymous to “refining of the issue”. It is “whereby a general issue is restated in sufficiently specific terms” (Weirich 11). This helps enable productivity in the research process, as it helps conserve time by cutting “irrelevant sources”. And it implicates the entire research process. Implications to the research process starts in Step 1, “Identify the Relevant Facts and Issues”. Problem distillation helps the researcher understand, define, and state the problem by refining the overarching issue, and then helps guide the researcher what facts are pertinent. For example, Step 1 of the Research Process refers to the idea that to successfully understand the problem, we need to gather all the facts. And then concurrently, define the problem. “Undoubtedly, writing a clear, concise statement of the problem is the most important task in research” (Weirich 12). Problem distillation will then further implicate Steps 2 -5 in the research process. The following is a breakdown, detailing the steps in the research process and the impact problem distillation will have:
Problem Distillation Relation To FASB’s Conceptual Framework Briefly, the Conceptual Framework details concepts that underlie the preparation and presentation of financial statements for external users. It includes (i) the objective, (ii) qualitative characteristics, (iii) constraints, (iv) elements, (v) general requirements, and (vi) convergence. Therefore, according to FASB, it helps the “board in setting sound financial accounting standards and helps members of the Board’s constituency not only understand and apply those standards but also contribute significantly to their development” (FASB.org). There is a direct link in using the “Problem Distillation” concept to helping solve complex financial accounting and/or reporting problems. If there is a situation where a new standard needs to be established and/or amended, then it is critical to remember that “refining the issue” and understanding “the exact problem that needs to be solved”, helps implicate the entire process favorably.
1 Comment
11/18/2019 05:48:36 am
Research processes are all complicated that's why it has to be done the right way. As far as I can remember, I never encountered the idea of " problem distillation". Perhaps that time, I still don't know what it means and its relevance on research purposes. By the way, I am looking forward for this article that you will soon post here. I am sure that there is something I can get from you, that's why I am hoping to learn a lot of stuff from you! This makes me really excited.
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