1. What are some of the shortcomings of teaching accounting only as a skill?

2. Outline the factors that facilitated the emergence of early bookkeeping.

3. What would you consider to be Luca Pacioli’s major contribution to the development of double-entry bookkeeping?

4. What need has the changing definition of accounting fulfilled?

5. Discuss the view that accounting is a social science

6. Describe the main events that characterize the various phases in the development of accounting in the USA.

7. Describe how accountants in Britain responded to public criticisms.

8. What has been the major role(s) played by professional accounting bodies in the development of accounting in the USA, UK, and Ghana?

9. Discuss the major characteristics of a theory

10. Justify the need for an accounting theory.

Answer rating: 100% (QA)

Solution 1 Accounting is the way toward recording examining announcing and summing up monetary exchanges of a business A portion of the deficiencies o... View the full answer