Prescriptive Models

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August 31, 2024 5 min read Definitions
Normative Theories of Accounting: Prescriptive Frameworks for Financial Reporting
Accounting Economics Normative Accounting Financial Reporting Prescriptive Models A Priori Theories Accounting Standards
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.
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