Discussion Questions : 1- discuss the contributions of paton and canning to the development of accounting theory.

2- how did ASOBAT define accounting and what two new ideas arose from this monograph?

3- what were the approaches to accounting theory identified by SATTA?

4- what is the purpose of the conceptual framework

5- discuss the qualitative characteristics of accounting information as outlined in SFAC NO. 8

6- discuss the issue of principles based vs. rule based accounting standards.

7- what were the purposes of the wheat and Trueblood committees?

8- what is the difference between normative and positive theory?

9- discuss the evolution of the three private sector accunting standard setting organizations?