accounting.
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Explain how accounting became a "norm" (what made a system of accounting necessary) and reflect on why YOU think it is beneficial for society as a whole to have a standard method of accounting.
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- What is the role of accounting in society, and how has it evolved over time? How do social and economic factors influence the development of accounting practices?explain the relationship between culture and the adoption of accounting practicesHow do cultural, social, and historical factors shape the development of accounting practices in different parts of the world, and what can we learn from studying these variations and differences?
- why accounting important to people?What are some of the costs of providing accounting information? What are some of the benefits of accounting information? Describe the cost-benefit factors that should be considered when new accounting standards are beingproposed.What are the costs and benefits of establishing one set of accounting standards (i.e., IFRS) around the world? How do cultural factors, legal systems, and ethics influence your answer? Apply a utilitarian approach in making the analysis.
- How do the different schools of accounting thought, such as the normative, positive, and critical perspectives, inform our understanding of the purpose and function of accounting?How would you approach the implementation and application of new accounting standards?Reasons why accounting is social science