The accounting conceptual framework is what kind of theory?

Question

Quizplus · Accepted Answer

The accounting conceptual framework is a normative theory, meaning it provides a set of recommendations or guidelines for how accounting should be done. It is not a positive theory, which seeks to describe and explain how accounting is actually done in practice. While it is abstract in nature, that is not its primary classification. It is also not an emergent theory, which develops based on observations and data analysis.

The Accounting Conceptual Framework Is What Kind of Theory