A Priori Theories of Accounting encompass the use of deductive reasoning to develop measurement and valuation systems based on certain axioms or assumptions, rather than empirical observation. The 1960s marked a significant period for a priori research in financial accounting.
Normative Theories of Accounting focus on what accounting procedures and policies should be, guided by a priori concepts and deductive reasoning, rather than merely describing current practices.
Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.