BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The descriptive pragmatic approach to accounting theory construction is an inductive approach – it is based on continual observation of the behavior of. accountants in order to copy their accounting procedures and principles.

Detailed explanation-2: -Accounting theory provides a guide for effective accounting and financial reporting. Accounting theory involves the assumptions and methodologies used in financial reporting, requiring a review of accounting practices and the regulatory framework.

Detailed explanation-3: -Approaches to the formulation of accounting theories are following such as; positive approach, predictive approach, human information processing approach, behavioral approach, events approach, new approaches, regulatory approaches, traditional approaches, non-theoretical approaches, theoretical approaches.

Detailed explanation-4: -Two of the most common and influential theories are positive accounting and normative accounting.