Positive accounting is the branch of academic research in accounting that seeks to explain and predict actual accounting practices. This contrasts with normative accounting, that seeks to derive and prescribe "optimal" accounting standards.
Read more about Positive Accounting: Background, Views, Efficiency Perspective, Opportunistic Perspective, Criticisms
Famous quotes containing the words positive and/or accounting:
“Men just don’t “get” that the reason to become involved is for ourselves. Doing more with our children won’t simply make women happier or keep them “off our backs,” but will create a deeper, more positive connection with the kids.”
—Ron Taffel (20th century)
“I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
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