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Explain how a persons cultural background influences

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Reference no: EM131816066

Deegan Topic: Introduction to financial accounting theory

QUESTION 1
If you developed a theory to explain how a person's cultural background influences how they prepare financial statements, would you have developed a positive theory or a normative theory?

QUESTION 2
What is a conceptual framework, and would it be considered to be a positive or a normative theory of accounting?

QUESTION 3
Why would it not be appropriate to reject a normative theory of accounting because its prescriptions could not be confirmed through empirical observation?

QUESTION 4
What is the difference between developing a theory by induction and developing a theory by deduction?

QUESTION 5
Can we ever claim to have finally ‘proved' a theory?

Reference no: EM131816066

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