Practice Question 1 Some longer quotes are included in the practice questions to help you to...
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Practice Question 1 Some longer quotes are included in the practice questions to help you to develop your skills in critically evaluating arguments. Required: Critically evaluate the following quote. (b) "Accounting is simply about following the rules. If the accounting standards or the professional codes of ethics demand a particular type of action, then that's what the accountant has to do! Accountants are not free to exercise their own opinion or judgement about controversial matters. If accountants were able to bring their own values to bear, we would never resolve any accounting problems!" (Anon.) Hint: The first step is to read the quote and underline key points, phrases or words. Explain what you think the quote means, i.e., what statements are being made. Then discuss the strengths and weaknesses of each statement, as applicable, and conclude. Practice Question 1 Some longer quotes are included in the practice questions to help you to develop your skills in critically evaluating arguments. Required: Critically evaluate the following quote. (b) "Accounting is simply about following the rules. If the accounting standards or the professional codes of ethics demand a particular type of action, then that's what the accountant has to do! Accountants are not free to exercise their own opinion or judgement about controversial matters. If accountants were able to bring their own values to bear, we would never resolve any accounting problems!" (Anon.) Hint: The first step is to read the quote and underline key points, phrases or words. Explain what you think the quote means, i.e., what statements are being made. Then discuss the strengths and weaknesses of each statement, as applicable, and conclude.
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Accounting is the process of recording the financial transactions of particular business ... View the full answer
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
Posted Date:
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