Question 1: Compare and contrast the development and evaluation of positive accounting theories with normative accounting theories.
Question 2: Identify and explain the perceived benefits that flow from the decision that a country will adopt the International Financial Reporting Standards (IFRS).
Question 3: Is it appropriate for accounting standard-setting bodies to consider culture and religion when devising accounting standards and regulations, particularly given the output of financial reporting is expected to be objective and unbiased? Explain your view.