Formulation and verification of accounting

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Across
  1. 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.
  2. 8. This approach consists of the concepts of 'true and fair'.
  3. 9. A ______ establishes the relation between the concepts and a theory.
  4. 10. Starts with empirical observations and then works to form a theory, from 1920s to 1960s, this approach was heavily used.
Down
  1. 1. Accounting principles and techniques are evaluated for acceptance after considering all effects on all groups in society.
  2. 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.
  3. 4. Costs that result from conflicts of interest.
  4. 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.
  5. 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.
  6. 7. Expenditures to guarantee that the agent will not take certain actions to harm the principal's interest.