Positive Accounting Theory and Policy Selection by Hercules Bantas
Approx. 3,370 words.
Published on October 23, 2012.
Many accounting practices and procedures have their foundation in positive accounting theory. This essay-length study guide explains the major tenets of positive accounting theory in plain language, and then explains how it influences accounting policy selection. Subjects covered in the discussion include positive and normative accounting theories, as well as ex post and ex ante procedures.