Normative accounting theories and research seek to:
A) Explain and predict particular phenomena based on observation
B) Prescribe particular approaches not driven by existing practices
C) Describe what is normal, or generally accepted, practice
D) All of the given options are correct.

Question

Quizplus · Accepted Answer

Normative accounting theories and research aim to prescribe particular approaches that are not necessarily driven by existing practices. They seek to identify the most ethical and efficient way of handling accounting issues, rather than simply describing what is normal or generally accepted practice.

Normative Accounting Theories and Research Seek To