Accounting Theory

Over the year, the world scholars continue to evaluate the economics of the world to understand their functioning. In this course, they developed the subject of accounting to assess the frameworks of financial principles. The accounting theory in discussion involves reviewing the historical foundations of financial reporting and creating new models of reporting the financial developments and exchanges (Richards, 2009, p. 17). Accounting theory evolves continually; thus, there are various theories and principles of accounting in practice within the world economics. These theories, in the process of developing them, the scholars expressed a desire to help enhance understanding of economics.

Positive Accounting Theory in neo-liberal ideology to solve problems of society

Positive accounting theory is one theory in accounting that resorts to explaining actual accounting practices, and predicting the future accounting practices. In this theory, it shows the essence of practicing certain accounting theories and the reason they...
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