Recent Question/Assignment

• Define PAT (positive accounting theory)
• Theoretical Definition of PAT and, implication and describe the limitation with the contribution and its significance.
• Write about the agency theory ( An individual action is driven by self-interest, individual behave an opportunistic manner to increase the wealth- describe this a bit) use strategic methods – e.g., if debt mangers try to use accounting methods and techniques as strategic methods to the contractual methods)
• Also write about
1. Indicative logic
2. Deductive logic
• The difference between behavioral and normative accounting.
• What is ontology and epistemology? Also write few about falsification.
Note: please provide good references