Chapter 1, Problem 1.2IE

what makes accounting a valueable discipline?

Identify risks for accounting systems that rely heavily on IT functions.

How are the value chain and management accounting related? Distinguish between a cost center, a profit center, and an investment center using appropriate examples.

what type of decision-making process is supported by management accounting?

What are the quality information with regards to financial reporting?

Describe a strategic-based responsibility accounting system. How does it differ fromactivity-based responsibility accounting?

What is the fundamental quality in the second level of the conceptual framework for financial reporting?

define the concept of research methodology in the context of accounting theory.

Examine the advantages and disadvantages of interpretative accounting theory.