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Financial Accounting Theory-An Overview

  • R. J. Briston
Chapter

Abstract

Before discussing financial accounting theory and its potential role in the development of financial accounting practice, an understanding is required of the nature of theory. By adapting the role which theory has played in the development of other disciplines, we can divide financial accounting theory into two types — positive or descriptive theory and normative theory.

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Notes and References

  1. 1.
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  2. 2.
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Copyright information

© R. J. Briston, J. R. Davies, P. N. Dean, C. Edwards, S. Ewing, C. S. Greensted, D. Lyall, the estate of C. McGeehan, W. McInnes, A. J. Millar, E. P. Minnis, L. Oakes, R. Perks, C. R. Tomkins 1981

Authors and Affiliations

  • R. J. Briston
    • 1
    • 2
  1. 1.University of StrathclydeUK
  2. 2.University of East AngliaUK

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