Accounting Theory chapter 1

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26 Questions - Developed by: - Developed on: - 1.232 taken

  • 1
    Which of the following statements is correct in relation to the purpose of theory?
  • 2
    Accounting theory can be described as:
  • 3
    Which of the following statements is correct?
  • 4
    Is it possible to have different theories on the same topic?
  • 5
    An example of how theory can predict accounting practice is:
  • 6
    An example of how theory can help to identify problems and deficiencies with current accounting practice and improve accounting practice is:
  • 7
    How can theories be of benefit in accounting?
  • 8
    Which of the following is an example of a positive theory?
  • 9
    Deduction can best be described as:
  • 10
    Which of the following statements is incorrect, in relation to the scientific method?
  • 11
    A normative theory is one which:
  • 12
    Which of the following statements is correct in relation to normative theories?
  • 13
    A reason why someone may accept a theory without having 'first hand' or direct knowledge of the topic are:
  • 14
    A theory can be proven to be true:
  • 15
    What is the best way to use observation to test a theory?
  • 16
    Which of the following statements is true in relation to research?
  • 17
    The relationship between theory and research can best be described as:
  • 18
    Research is conducted in the form of an experiment where the relative usefulness of historical cost and fair value measures are considered, and it is found that better decisions are made using fair values. This may suggest:
  • 19
    Research can be categorized as:
  • 20
    Research of or about accounting would not consider the following question:
  • 21
    Which of the following statements is incorrect in relation to critical accounting?
  • 22
    Research in accounting focuses on:
  • 23
    Research in accounting would not consider the following question:
  • 24
    Which of the following statements are incorrect in relation to capital market research?
  • 25
    Research that attempts to explain the motivations behind the accounting choices made by managers is:
  • 26
    Which of the following statements is correct in relation to International accounting research?

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