• 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. Note: please provide good references