Accounting Theory: Agency Theory and Stewardship Theory

The study topic discusses about two of the most important theory namely agency theory and stewardship theory. Both of these theories play a huge part in defining the accounting perspectives. Furthermore the concepts of these two theories have been described by use of different related articles and research papers where the researchers have focused on the describing different relationship of these articles with this subject matter. Other than that the study topic also highlights the definition of framework and can legally enforceable claim exist before the existence of liability and vice versa. This subject topic is supported with a suitable conclusion at the end.