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BKAR3053 FINANCIAL ACCOUNTING AND REPORTING IV

SEMESTER A212

MINI CASE 2

A. The 1950s and 1960s had been described as the ‘golden age’ of normative accounting
research. During this period, accounting researchers became more concerned with
policy recommendations and with what should be done, rather than analyzing and
explaining the currently accepted practice (Source: Godfrey, J., Hodgson, A., Tarca, A.,
Hamilton, J., & Holmes, S. (2010). Accounting theory. New York, NY: Wiley).
Elaborate the TWO (2) main concentrations of normative accounting theory in this
period.
B. Many researchers in the field of positive and normative theory development disagree
about the roles of their respective approaches to theory construction. Explain TWO (2)
differences between positive and normative theories.
Note: This mini case should be submitted before or on 13/11/2022 (Sunday) through
UUM Online Learning, Thursday and it prepares individually. The formats of the
assignment are Microsoft word, font Times New Roman 12, single spacing and
maximum 3 pages.

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