Refer to the scenario below and answer the question provided. Jerry Smith is intending to carry out his research on social and environmental reporting by companies and remains unsure on which research approach to use. He comes to you for advice. Required: Advise Jerry Smith on the research approaches that he could possibly pick from and for each research approach make reference to the key considerations underlying each of these approaches. [marks will be awarded for highlighting correct approaches and considerations as well as providing a brief example for each consideration]

QUESTION 2 Refer to the scenario below and answer the questions provided. Conceptual Framework for Financial Reporting was issued by the International Accounting Standards Board in September 2010. It was revised in March 2018 and is effective for annual reporting periods beginning on or after 1 January 2020, with earlier application permitted. Required: Define and list the three fundamental features of positive and normative theory. Explain whether the conceptual framework is a product of normative or positive accounting theory.