Accounting Theory 7e

1. ‘A theory that is purely syntactic is sterile.’. Is this true? How can this statement relate to accounting?

2. One type of theory construction involves observing the practices and techniques of working accountants and then teaching those practices and techniques to successive accountants.

(a) What type of theory construction is this?

(b) What are the advantages of this approach compared with a decision-usefulness approach to theory construction?