Towards a positive theory of the determination of accounting standards


Assignment should be of 2,000 words.

Guidelines for Literature Critiques

Students must submit a critique of the following academic articledeemed to be seminal to their main area of research.  Details about the format, structure and assessment criteria for the critique are presented below.

Towards a Positive Theory of the Determination of Accounting Standards

Author(s): Ross L. Watts and Jerold L. Zimmerman

Source: The Accounting Review, Vol. 53, No. 1 (Jan., 1978), pp. 112-134Published by: American Accounting Association

Stable URL:

FORMAT:         2000 words (maximum)

The critique submission should be typed. Work should be double-spaced with a 2.4cm margin on all sides. Use only one side of each sheet of paper.


While there is room for being innovative, most critiques should include the following:

•          Cover Page

•          Introduction: Introducing the topic, stating the aims of the critique, outlining the main argument to be presented and an overview of the paper and the structure of the paper to follow.

•          Summary of the Article: Focusing on its main argument, including its aims, its overall findings and its theoretical arguments and contribution.

•          Research Question: Identifying the article’s research question(s) or hypotheses and discussing its value, explaining whether and how it flowed from the literature review.

•          Theoretical Framework: Identifying and discussing the theoretical framework or theoretical substance of the paper leading to the research element.

•          The Significance and Limitations of the Article:  Use the literature to discuss the limitations of the theory and methodology used. Does the author acknowledge these limitations? Does the author draw theoretical conclusions from the research that are justified by the methodology? How do these limitations affect the significance of the article and the contribution it makes to the discipline, particularly the findings set against the research method?

•          Conclusions: Summarising the main points and drawing implications of your critique.

Assessment Criteria


Identification and discussion of the theory and concepts relevant to the selected article


Analysis and demonstrated level of understanding of key issues and theory presented in the article


Identification and analysis of strengths and weaknesses of the article leading to conclusive identification of the article’s contribution to research area


Logical sequence of the development and quality of the presentation of the critique



20 marks

Note: For your own protection and peace of mind, ensure that you keep a copy of any assessment items that you submit. Also be very mindful that plagiarism is regarded very seriously and students who plagiarise risk failure. Plagiarism is the act of taking and using another’s work as one’s own.

"We Offer Paper Writing Services on all Disciplines, Make an Order Now and we will be Glad to Help"