1. Discuss Accounting as an information system.

2. Define net income, and explain the assumptions underlying income measurement and the

ethical application

The purpose of the Conceptual Assignments is to evaluate what you have learned in the week.

You will evaluate concepts, policies, and the key elements of foundations of business using the

knowledge gained in the Modules. The assignments, require in-depth knowledge through

research, hence the need for more references and citations.

You must be able to apply the material learned in the chapter and research. The Conceptual

Assignment must follow the following guidelines:

1. You must give quality answers that show mastery of the concepts being discussed, using

clear logic, and supporting facts. Also, the answers must directly address the questions

using provided readings and research.