Guideline (brief simple short essay - example only to assist with planning) TOPIC: Discuss positive accounting theory and contrast it with normative accounting theory. Provide examples where appropriate. The purpose of this essay is to provide an overview of positive accounting theory (PAT) and highlight how this theory differs to normative accounting theory. Definitions and assumptions of both theories will be considered and examples of the theories will be provided. In addition
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Game theory – descriptive‚ normative or prescriptive? Going through life we often are surprised by the different ways how people think‚ make decisions and interact. We believe that most of us are rational human beans (to some extent) and‚ therefore‚ our decisions should be grounded in analysis of the situation‚ our experience and intuition. Therefore‚ the human mind can be seen as an incredibly complicated machine that runs series of theoretical simulations of possible situations (often subconsciously)
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based on objective analysis. Most economists today focus on positive economic analysis‚ which uses what is and what has been occurring in | |an economy as the basis for any statements about the future. Positive economics stands in contrast to normative economics‚ which uses value judgments. | |Investopedia explains ’Positive Economics’ |
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A. Normative Minimum wage in my opinion does not create unemployment among young and unskilled workers. Most unskilled workers enter in the workforce earning minimum wage. Young people are eager to start working in most markets. They usually understand that they have to start out at a low rate of pay or minimum wage. B. Positive Usually when a product decreases in price more people want to have it. Take for example cell phones. When they initially hit the market they were basically
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Ancient moral theory explains morality in terms that focus on the moral agent. These thinkers are interested in what constitutes‚ e.g.‚ a just person. They are concerned about the state of mind and character‚ the set of values‚ the attitudes to oneself and to others‚ and the conception of one ’s own place in the common life of a community that belong to just persons simply insofar as they are just. A modern might object that this way of proceeding is backwards. Just actions are logically prior to
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Public Administration & Management: An Interactive Journal 6‚ 3‚ 2001‚ pp. 87-90 Normative Theory and Policy Evaluation Stuart Nagel MKM-PSO-DSI Center and University of Illinois I. PROFESSIONAL ETHICS An interesting question concerns the ethical obligations of people who do policy analysis research. Such research often involves ethical dilemmas that relate to: 1. Whether one’s purposes should include prescription or evaluation‚ as well as prediction or explanation. 2. Whether or not
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such as‚ informational influence and normative influence. Normative influence is when people want to be liked and so by being in a group they gain social approval that leads to compliance. On the other hand‚ informational influence is when people want to be right‚ so they join a group that they perceive to be correct‚ which leads to acceptance. In this case‚ my five close friends changed their beliefs and their behavior to fit their sorority. The normative influence explains the reason why my friends
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Normative theory and whistle-blowing Introduction Whistle-blowing in this context is the act‚ for an employee‚ disclosing what he believes to be an unethical or illegal behaviour to higher management (internal whistle-blowing) or to an external authority or the public (external whistle-blowing). Examples of unethical acts include sexual harassment and racial discrimination at work while illegal act include the accounting fraud by the Arthur-Andersen accountants for Enron (Sims & Brinkmann 2003)
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develop which form our appearances‚ abilities and personality. At 3-5 years the children are growing so fast and developing in every way as they learn new skills and sharpen old ones‚ these years are a critical time for successful experiences. Children need to be able to absorb information about how others respond to them in order to confirm how they feel about themselves. This can be done by challenging the children and motivating them to develop further. By becoming more independent the children are
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The need to be liked or to simply “fit in” has become‚ for some people‚ a top priority around the world today. Whether it may be dressing according to the current clothing trend‚ just hanging at the same social scene that everyone goes to on Friday night‚ or maybe even getting that popular haircut that all the guys have‚ ultimately‚ people yearn to be just right. According to social psychology‚ conformity causes people to yield such behavior and to act according to other’s behavior. For example‚
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