Define PAT (positive accounting theory).
Theoretical Definition of PAT and, implication and describe the limitation with the contribution and its significance.
Write about the agency theory (An individual action is driven by self-interest, individual behave an opportunistic manner to increase the wealth- describe this a bit) use strategic methods - e.g., if debt mangers try to use accounting methods and techniques as strategic methods to the contractual methods)
Also write about
1. Indicative logic
2. Deductive logic
The difference between behavioral and normative accounting.
What is ontology and epistemology? Also write few about falsification.
1000 words. Please provide good references.