Q1 these are the steps to derive the deductive

Q1
These are the steps to derive the deductive approach. Please rank the steps in order: :
(i) Specifying the objectives of financial statements.
(ii) Deriving the principles of accounting.
(iii) Selecting the postulates of accounting (assumption)
(iv) Developing the techniques of accounting.
(a) i,ii,iii,iv
(b) i.iii,iv,ii
(c) i,iv,ii,iii
(d) i,iii,ii,iv
Q2
Choose the best statement that describes a descriptive pragmatic approach.
Q3
Identify two perspectives adopted by the positive accounting theory research.
Q4
In the absence of controls to reduce opportunistic behaviour, agents are expected to
undertake activities ____________ to the value of the firm.

TOPIC 2: THEORY FORMULATION AND VERIFICATION (PART 1 AND 2)
Question Answer
Q5
During the positive accounting theory era, researchers are concerned with practices
that enhance decision-usefulness.
Q6
Uncertainty in agency theory can be classified as ex ante or ex post.
Q7
Which of the following is not assumed in Positive Accounting Theory?
A. Individuals (including managers) are economically rational in their behaviour.
B. Individuals (including managers) are primarily motivated by self-interest.
C. The natural objective of managers is to maximise the wealth of the firm.
D. Managers are not indifferent in selecting accounting methods to use.
Q8
A theory that predicts that, if certain conditions are met then particular
accounting practices will be observed,
is an example of: