Limitations and criticisms of positive accounting theory

Assignment Help Financial Accounting
Reference no: EM131179957 , Length: word count:1500

Assignment Description:

This assignment requires students to critically evaluate the theories of financial accounting. It gives the students the opportunity to demonstrate their level of understanding of the conceptual background to accounting practice and regulation.

Question 1

How would the following theories explain sustainability accounting (including corporate social responsibility reporting)?

a) Positive Accounting Theory

b) Legitimacy Theory

c) Stakeholder Theory

d) Institutional Theory

Question 2

Discuss the limitations and criticisms of Positive Accounting Theory. In your answer, you should clearly indicate whether or not you agree with these perceived shortcomings of PAT and why.

Reference no: EM131179957

What is the length of cranstons collection cycle

What is the length of Cranston's collection cycle under this new policy? Determine Cranston's average production cycles for 20x4 and for20x5. Determine Cranston's average coll

What was your total nominal rate of return on investment

Suppose you bought a bond with an annual coupon rate of 7.2 percent one year ago for $945. The bond sells for $990 today. Assuming a $1,000 face value, what was your total dol

Prepare the journal entry to record the interest payment

On January 1, 2014, Clearwater Corporation sold a $770,000, 9 percent bond issue (10 percent market rate). The bonds were dated January 1, 2014, pay interest each December 31,

The federal long-term tax-exempt rate

Through a “Type B” reorganization, Golden Corporation acquired 90% of Retriever Co stock by October 2 of the current tax year ending December 31. At the time the 90% was acqui

Briefly describe how the asset and liability sections

In the last HW assignment, Mr.Speakers had issued bonds (borrowed money) in order to expand production capabilities by purchasing new equipment and a production facility. BRIE

Job stress caused frequent health problems

Suppose a random sample of 10 American workers is selected. What is the probability that more than seven of them say job stress caused frequent health problems? What is the

Modified accelerated cost recovery system

Tax Planning for Corporate Taxpayers Jackson Corporation prepared the following book income statement for its year ended December 31, 2013: For tax: Seven-year Modified Accele

Prepare the unadjusted trail balance

BBAC301 Prepare the unadjusted trail balance, show the adjustment and complete the worksheet - prepare the income statement and statement of changes in equity for the year en

Reviews

len1179957

8/24/2016 2:25:16 AM

This assignment requires students to critically evaluate the theories of financial accounting. It provides the students the opportunity to show their level of understanding of the conceptual background to accounting regulation and practice.

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd