Questions:
1.
1. Describe what is meant by a positive theory of accounting. How does this theory differ to normative theory of accounting.
2. Describe the Fundamental Qualitative Characterisitics of the Conceptual Framework in Accounting.
3. Explain the Enhancing Qualitative Characterisitics of Conceptual Framework. How are they relevant to preparers of financial statements?
2.
1. Describe what is meant by earnings management? Discuss why a manager would undertake such an approach?
2. Describe three techniques used by managers in earning managment.
3.
1. Describe what is meant by Corporate Social Responsibility (CSR) Reporting. What are the main factors that are usually considered in such reports.
2. Describe what is meant by Sustainability Reporting. What would investors use this information?
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