BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pragmatic
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Normative
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Behavioural
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Taxation
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Detailed explanation-1: -Behavioral Research in Accounting publishes original research relating to accounting and how it affects and is affected by individuals and organizations. Theoretical papers and papers based upon empirical research (e.g., field, survey and experimental research) are welcomed.
Detailed explanation-2: -A professional accountant should be straightforward and honest in all professional and business relationships. A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments.
Detailed explanation-3: -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-4: -The impact of behavioural sciences in financial accounting helps strategic planning, financial reporting, control, etc. It explains the psychology behind these processes. The effect of behavioural sciences is more significant in economics and finance as the results can be used for developments in both fields.