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.
nature of accounting theory is 2 type 1. is positive theory and 2.normative theory
if i know why would i look for this plz answer soon .
Answer:Normative theory in accounting is theory about how net income 'should' be calculated. Positive accounting theory on the other hand is about observing/explaining and predicting accounting choices of firms.
Normative theory in accounting is theory about how net income 'should' be calculated. Positive accounting theory on the other hand is about observing/explaining and predicting accounting choices of.nature of accounting theory is 2 type 1. is positive theory and 2.normative theory IFRSs refers to the new numbered series of pronouncements that the IASB is issuing, as distinct from the International Accounting Standards (IASs) series issued by its predecessor. More broadly.
M. E. Aiken has written: 'Normative audit control for on-line/real-time systems' -- subject(s): Accounting, Data processing
Normative theory provides the collection of financial information.
Educational planning consists of the normative, strategic and operational stages. The normative stage is the one in which policies are developed and formed.
article about develpment of normative system with in school
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