BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Theoretical approach which consist of deductive, inductive, eclectic approach
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Non-Theoretical approach which consist of pragmatic, ethical, sociological approach
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Regulative approach
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Non-Theoretical approach
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Detailed explanation-1: -Besides the theories discussed earlier, some more traditional approaches to formulation of an accounting theory are found. They are listed as follows: (1) Pragmatic Approach, (2) Authoritarian Approach, (3) Ethical Approach, (4) Sociological Approach, (5) Economic Approach and (6) Eclectic Approach.
Detailed explanation-2: -Most forms of psychotherapy can be associated with four major theoretical orientations: cognitive-behavioral, humanistic, psychodynamic, and systemic. All of them are important to our understanding and conducting of psychotherapy.
Detailed explanation-3: -(a) Non-theoretical or Pragmatic Approach This is also called need based or practical approach. Here those concepts and principles are emphasised upon which are effective to meet the practical problems and useful to the users of accounting information in taking relevant decisions.