what is Normative accounting theory
Normative Accounting. Normative accounting is a branch of accounting theory that is concerned with the differences between different accounting systems and the ways in which one system might be better than another.n positive accounting theory, for example, theorists tend to develop accounting principles and concepts according to a more scientific methodology of explaining and predicting the practice, rather than working to develop a more ideal system of accounting, according to Meditari Accountancy Research.