Question
1.Positive Accounting Theory assumes that all individual action is driven by self-interest, with the self- interest being tied to wealth maximisation. (a)Is this a useful
1.Positive Accounting Theory assumes that all individual action is driven by self-interest, with the self- interest being tied to wealth maximisation.
(a)Is this a useful and/or realistic assumption?
(b)Adopting this assumption, why would politicians introduce particular regulations?
(c)Why would researchers study particular issues?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
