There are several resons why accounting research cannot solve accounting policy questions. One reason (the impossibility of satisfying all users` preferences) has been previously identified and described in the literature. In this paper we attempt to make explicit second and third types of limitations. These limitations are the impossibility of choosing pareto-optimal judgment criteria and some inherent methodological limitations in the various types of accounting policy research. After discussing policy research problems, we suggest strategies that should help to overcome the weaknesses inherent in accounting policy research.