Financial Management

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Table of Contents Introduction 2 Summary of the Article 2 Overview of Positive Accounting 2 Research Question 3 Theoretical Framework: 3 The Significance and Limitations of the Article: 4 Findings of Article 4 Conclusions 5 Bibliography 5 References 6 Introduction The main purpose of this report is to focus the positive accounting theory “Towards a Positive Theory of the Determination of Accounting Standards” and written by (Watts & Zimmerman, 1978) Ross L. Watts and Jerold L. Zimmerman, who indicated with a number of significant research in order to describe and contribute positive accounting theory Summary of the Article The element of this article has found that management wealth are based on…show more content…
Theoretical framework is presented from the research by using criticisms Methodology could be found in the third section of article Research findings will give idea of article in the last Research Question The research investigated positive accounting theory by giving and comparing with other sciences opinions such as (Collis & Hussey, 2009) -"it is impossible to separate the people from the social context in which it exists." "people cannot be understood without considering the perceptions they have of their own activities." "a highly structured research design imposes limitations on the results and can ignore other relevant findings." "researchers are not subjective, but part of what we observe. They bring their own interests and values in research. " "capturing the complex phenomenon into a single measure is misleading» (Collis and Hussey, 2009). Moreover, (Sterling, 1990) argued that "Instead of trying to determine how to improve the current state of our accounting say to try to determine the present state of accounting. “However, Watts and Zimmerman argued that "label taken" positive "of the economy, where it was used to distinguish research aimed at explaining and predicting the survey, which aimed recipe» (Watts and Zimmerman, 1990). Therefore, the data resulting from research using this model will enhance the development of accounting

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