There are two viewpoints when it comes to the role of accounting; that is, from the accountant's perspective and the viewpoint of the user of accounting information.

Based on your experience in accounting (inside and outside the classroom), please elucidate on the nature, purpose, and role of accounting according to these two viewpoints. Within your response, make sure to discuss the role of accounting in substantive detail.

Discussion Prompt 1 Requirements:

Initial Response Requirements:

1. Length of initial response: 200 to 300 words
2. Number of scholarly references to cite: At least two.
3. Readings used as a resource: Prior accounting textbooks, reputable accounting websites (e.g., AICPA.org or one of the "Big 4" accounting firms), and scholarly articles.