Is accounting a trustworthy profession? How would you know whether it is or is not?

Q: What is the Machiavellian approach to decision making?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: What are the three inputs to the accounting policy-making function? Which do you think is the most…

A: Accounting :— Accounting is the process of recording financial transactions pertaining to a…

Q: What is a certification authority, and what are the implications for the accounting profession?

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Q: What are the ethical and professional expectations for CPA's by the accounting prefession?

A: Auditors work on behalf of shareholders and various other stakeholders; whereas, they are required…

Q: explain the relationship between culture and the adoption of accounting practices

A: Culture includes the beliefs, ideas and customs followed by the individuals in a particular society.…

Q: What are some examples of assurance services performed on nonfinancial information?What are some of…

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Q: What is the relationship among management, auditors, investors, and creditors that tends  to…

A: Preclude the “What would you like it to be?” Attitude. Making it impossible to deviate from the…

Q: What is meant by the professional designations CPA, CMA,and CIA, and how do these designations add…

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Q: Whether accounting is an art or science?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What are some possible pitfalls of using nonauthoritative sources when doing accounting research

A: Non-authorized Sources:- These are the sources that are not permissible by the government and other…

Q: quality of accounting standards?

A: Accounting standards determine thee accounting information must have relevance, must be reliable and…

Q: Why is it important you possess at least a rudimentary understanding of accounting and being able to…

A: Financial Statement: Generally speaking, financial statements are written documents that provide…

Q: Are accountants and auditors moral agents of corporations and society? Explain.

A: Moral responsibility means a liability of an individual to perform tasks in a moral or ethical…

Q: Why is it important to know the background in accounting research?

A: Accounting is the procedure followed by businesses to record their financial information…

Q: How would an investor communicate to clients their ethical and professional standards when managing…

A: According to CFA institute, six guidelines related to the code of conduct is laid out in the Code of…

Q: Discuss the importance of Accounting Research in the practice of of Accounting profession.

A: Accounting research Accounting research examines however accounting is employed by people,…

Q: Why do you think Accounting Standards are mandatory?

A: Definition:   International Financial Reporting Standards (IFRS): IFRS are a set of international…

Q: what is the Judgement Traps in accounting?

A: Judgment trap is also known as judgment triggers which refers to the inherited issue that leads…

Q: But what's the distinction among accounting and management

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Why do you believe Accounting Standards should be mandatory?

A: A document created by a rule-making body that prescribes how accounting transactions should be…

Q: Principles of professional accountancy? Expalin

A: Professional accounting may be defined as an accounting field that would be defined by a statutory…

Q: Reasons why accounting is social science

A: Accounting The process under transactions that are financial in nature are recorded, analyzed, and…

Q: What is accounting and what are your learnings about it?

A: Account: It is often defined as a record maintained in the general ledger of the company and used to…

Q: what is the link between compliance with standards and the value of the firm's accounting and…

A: Accounting standards are prepared under the supervision of the Accounting Standard Board. Each and…

Q: What are the importance of Accounting in our life? How Accounting affects the modern life and Is…

A: Answer: In todays world everything is defined in numbers. Accounting is not just a subject but it is…

Q: How can you ensure that your accounting records are accurate?

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Q: What is the benefits of subject accounting in our future? And what is the importance of the subject…

A: Managers, owners, and other stakeholders can use final accounts to get a sense of a company's…

Q: Why is having knowledge of accounting terms useful to persons other than in an accounting…

A: Accounting terminology refers to complete description of associated terms that are used and for the…

Q: Is accounting theory really necessary for the making of accounting rules?

A: Solution:- Is accounting theory really necessary for the making of accounting rules:- Accounting…

Q: What factors create a need for assurance services? Explain how these factors are important to the…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Why should you as accounting student need to understand normalization

A: Normalization techniques are important because they help in proper storage of data by eliminating…

Q: What is your insight/reflection about accounting?

A: Every business operates for the purpose of generating profits. For calculating and measuring results…

Q: Why do people care about accounting?

A: This question discusses accounting.

Q: are we also a user of finanacial accounting?

A: Financial Accounting is the process of recording, classifying, summarising all the Financial…

Q: Why accounting is an infromation system? Explain with your own point of view with example.

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: Why is it important for any person (other than accountants) to know the basics of accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: what is the importance of accounting?

A: Accounting principles are a set of general rules and recommendations that businesses must follow…

Q: why accounting important to people?

A: Accounting: Accounting is recording , classifying, summarising , analysing and interpreting of…

Q: How does the ethics are important in the accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What is the difference between accounting and auditing?

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Q: Why  is  it  important  for  engineers and scientists  to  understand  the  viewpoints  of financial…

A: Importance of financial knowledge: It helps in cost management of the project It helps in cash…

Q: s the view that accounting is a social science

A: Social science refers to the one aspect which examine the relationship among the societies and the…

Q: What is the importance of Accounting's definition, nature, history, and internal users of its…

A: Accounting information consist of accounting data evaluation, assessment and final result. Financial…