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Question 2 a) What is the difference between a positive theory of accounting...

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Accounting

Question 2
a) What is the difference between a positive theory of accounting and a
normative theory of accounting?
b) In the 1960s several accounting researchers concentrated on developing
theories of accounting based on observing and documenting the behaviour of
practicing accountants. Do you think that such research is useful in improving
the practice of financial accounting? Explain your answer.
c) The International Accounting Standards Board has a number of roles,
including formulating accounting standards and developing a conceptual
framework. Is the work they do in developing an accounting standard or the
conceptual framework normative or positive in nature?
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