"The Main Difference Between Normative and Positive (Accounting)theories Is That

Essay

"The main difference between normative and positive (accounting)theories is that normative theories are prescriptive,whereas positive theories are descriptive,explanatory or predictive".J.Godfrey,et el,'Accounting Theory',7^th Ed.p.29.
Explain and discuss the quotation.Include in your answer an opinion as to whether the two approaches are compatible or incompatible.