For Accounting Theory we have a term and definition in Accounting.

Accounting Theory (Accounting)

tries to describe the role of accounting and is composed of four types of accounting theory: classical inductive theoriesincome theoriesdecision usefulness theoriesand information economics / agency theories: a. Classical inductive theories are attempts to find the principles on which current accounting processes are based; b. Income theories try to identify the real profit of an organization; c. Decision usefulness theories attempt to describe accounting as a process of providing the relevant information to the relevant decision makers; andd. The information economics / agency theories of accounting see accounting information as a good to be traded between rational agents each acting in their own self-interest.

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