Formulation and verification of accounting
Across
- 3. Supporters of positive theory believe that normative accounting theories lack observation because it is only based on personal opinion about what should happenIs critism of _______ theory.
- 8. This approach consists of the concepts of 'true and fair'.
- 9. A ______ establishes the relation between the concepts and a theory.
- 10. Starts with empirical observations and then works to form a theory, from 1920s to 1960s, this approach was heavily used.
Down
- 1. Accounting principles and techniques are evaluated for acceptance after considering all effects on all groups in society.
- 2. A research approach that starts with a theory, forms a hypothesis, makes empirical observations, and then analyzes the data to confirm, reject, or modify the original theory.
- 4. Costs that result from conflicts of interest.
- 5. Explains why accounting is what it is, why accountants do what they do, and what effects these phenomena have on people and resource utilisation.
- 6. As it applies to accounting is the coherent set of hypothetical, conceptual and pragmatic principles forming the general frame of reference for a field of inquiry.
- 7. Expenditures to guarantee that the agent will not take certain actions to harm the principal's interest.