BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -As applied to accounting theory, the pragmatic approach involves the selection of accounting concepts and techniques based on their utility.

Detailed explanation-2: -Behavioral aspect of accounting is that segment of accounting which attends to develop an understanding of both cognitive (perceived) and affective (emotional) elements of human behavior that influence the decision‐making process in all accounting contexts and settings.

Detailed explanation-3: -Accounting theory is defined as a cohesive set of conceptual, hypothetical and pragmatic proposition explaining and guiding the accountant’s actions in identifying, measuring and communicating economic information to users of financial statement, (American Accounting Association (A.A.A). 1966).

Detailed explanation-4: -Descriptive pragmatic approach: based on observed behaviour of accountants. theory developed from how accountants act in certain situations. tested by observing whether accountants do act in the way the theory suggests. is an inductive approach.