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Financial Accounting Teori

In: Business and Management

Submitted By janochmada
Words 9231
Pages 37
Kapitel 1

Normative (prescriptive) accounting theory
Inte baserad på empiriska tester (som positive teorier är) utan de är baserade på vad researcher tror ska eller borde inträffa vid särskilda omständigheter.
Teorier som föreskriver (prescribe) istället för förklarar (describe) särskilda handlingar kallas för normativa teorier eftersom att dom baseras på normer som researchern som lägger fram teorierna har.
T.ex. säger hur vi ska ta till oss och använda redovisningsmetoder.
Kapitel 2
Theories of regulation

Public interest theory
There is the public interest theory of regulation which propose that regulation be introduces to protect the public. It assumes that the regulatory body (usually government) is a neutral arbiter of the public interest and does not let its own self-interest impact on its rule-making processes. “The regulator does its best to regulate so as to maximize social welfare. Consequently, regulation is thought of as a trade-off between the costs of regulation and its social benefits in the form of improved operations of markets”.
Regulation put in place to benefit society as a whole rather than vested interests.
Regulatory body considered to represent interests of the society in which it operates, rather than private interests of the regulators.
Assumes that government is a neutral arbiter.
Criticisms of public interest theory
Critics question assumptions that economic markets operate inefficiently if unregulated.
Question the assumption that regulation is virtually costless.
Others question assumption of government neutrality; argue that government will only legislate and groups will only lobby for regulation if it will increase their own wealth.
Capture theory
A contrary perspective of regulation is provided by capture theory. It argues that although regulation is often introduced to protect the public, the regulatory...

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