Want this question answered?
Philosophy is relevant to political science as it provides a theoretical framework for understanding political systems, ideologies, and values. Philosophical concepts like justice, liberty, and rights influence political debates and decisions. Political scientists often use philosophical principles to analyze political theories and policies.
what ought to be
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.
Normative theory focuses on what should be done based on ethical, moral, or societal principles, while historical cost theory values assets at their original purchase price. Normative theory considers broader implications and ethical considerations, while historical cost theory is more concerned with financial accuracy and reliability.
Normative theory is a type of political theory that seeks to determine what a society ought to be like, based on principles of justice, fairness, and equality. It is concerned with prescribing norms and values that should guide individual and collective behavior towards the common good. Normative theory often involves moral and ethical considerations in assessing the legitimacy and ethical implications of political decisions and practices.
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
Normative ethics theory describes developing good charachter habits and traits
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.
Virtue Theory
do unto others what you want others to do unto you