Accounting’s Positivistic Tendencies: Overlaying a Social Science
With Pure Scientific Rationale
Tutorial 5 - Week 6
This written Comprehensive Professional Portfolio is comprised of individual and group tasks which are to be completed within tutorials and will require further work and writing up outside of the classroom. These set of tutorial activities extending till the end of the session, are intended to take you through a learning journey of exploration and development. They have been specifically designed to incorporate not only a real-life perspective to your university learning but also to further enhance graduate capabilities such as your ability to engage in critical, analytical and …show more content…
As a consequence, the investors and creditors suffer huge loss. The action of accountants for the sake of their own self-interest and conflict the interest of public, it was violate the standard accounting rules and regulation. We need to base on the positive accounting theory to derive and prescribe and optimal accounting standard and utilize this to the companies operate.
1. Within your groups construct a conceptual mind map (using the paper your tutor provides you with) of key individuals identified in the film – you should include within your mind map the ‘political’ and ‘regulatory’ relationships between such individuals that are discussed in the film.
2. “Well, remember that what an ideology is a conceptual framework with the way people deal with reality. Everyone has one. You have to -- to exist, you need an ideology. The question is whether it is accurate or not.”- Congressional Testimony of Alan Greenspan, October 2008 using the basic premise of Positive Accounting Theory provides a brief explanation underneath each individual (group) as to the ‘ideology’/perspective they were operating from.
3. The resulting Global Financial Crisis has had an immense impact on the banking industry through asset write-downs, tighter funding and increased market volatility. Kern and McGuigan in their article “Banking Better?”