Normative theory provides the collection of financial information.
Normative Theory is a theory that prescribes how a process of accounting should be done. This theory is not based on observation and may suggest radical changes to current practices in accounting
Normative theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.
Ques What the difference between in Normative Theory and Historical cost theory? Ques Relate various concepts of value and capital maintenance to the measurement of both asstes and income?
Is a philosophical approach that expresses something as desirable or not
Normative ethics theory describes developing good charachter habits and traits
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
A positive theory is a theory that attempts to explain how the world is while a normative theory attempts to explain how the world should be. The theories are used together in different social science fields, including economics.
do unto others what you want others to do unto you
Normative theory provides the collection of financial information.
Virtue Theory
Confidentiality Theory