BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
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What is theory?1 ____ points out that the term “theory” in accounting not only applies to “grand theories” which seek to tell us about board generalizable issues, but also applies to any framework which helps us make sense of aspects of the world in which we live, and which helps provide a structure to understand our experience
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Llewelyn
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Czarniawska
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Hendriksen
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Unerman and O’Dwyer
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Explanation:
Detailed explanation-1: -An accounting theory is a notion that uses speculations, methodologies, and frameworks in the study of financial reporting (as well as how financial reporting principles are applied in the accounting industry).
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