Normative Versus Positive Accounting Theory Comparison Essay by cee-cee

An overview of the development of normative and positive accounting theories.
# 107755 | 3,128 words | 7 sources | APA | 2008 | US
Published on Sep 11, 2008 in Accounting (Theory) , Accounting (General)

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This paper discusses all aspects of accounting theory and the history of regulation in the accounting profession that has been implemented as a result of notable financial accounting scandals. It analyzes and synthesizes the normative and positive accounting theories, beginning with the historical background of each theory and a discussion of the suggested changes and problem areas revealed in the debate. It also analyzes the Generally Accepted Accounting Principles (GAAP) in relation to the conceptual framework and concludes with recommendations toward an appropriate course of action.

Historical Development of Normative and Positive Accounting Theories
Current GAAP Discussion
Positive Accounting Theory vs. Normative Accounting Theory
Changes and Problems Revealed in the Debate
GAAP Analyzation and History in relation to Conceptual Framework
Recommendations for Course of Action

Sample of Sources Used:

  • Deloitte. (2007). IFRSs and US GAAP. March 2007.
  • Fleming, R., Graci, S. & Thompson, J. (2000). Dawning of the Age of Quantitative/Empirical Methods in Accounting Research. The Accounting Historians Journal. (June 2000).
  • Gaffikin, M. (2007). Regulation as Accounting Theory. Retrieved July 20, 2007, from
  • Mattessich, R. (1995). Critique of Accounting: Examination of the Foundations and Normative Structure of an Applied Discipline. Westport, CT: Quorum Books.
  • Milne, M. (2001). Positive Accounting Theory, Political Costs and social Disclosure Analyses: A Critical Outlook. University of Otago, New Zealand Working Paper.

Cite this Comparison Essay:

APA Format

Normative Versus Positive Accounting Theory (2008, September 11) Retrieved April 10, 2020, from

MLA Format

"Normative Versus Positive Accounting Theory" 11 September 2008. Web. 10 April. 2020. <>