1. In your opinion, which competency is most important in accounting, knowledge and intellectual or values and why?

Q: What are the three inputs to the accounting policy-making function? Which do you think is the most…

A: Accounting :— Accounting is the process of recording financial transactions pertaining to a…

Q: What is a certification authority, and what are the implications for the accounting profession?

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Q: Evaluate the strengths and weaknesses of interpretive accounting theory

A: Interpretive Accounting theory:-Interpretive Accounting theory has evolved and made significant…

Q: 1)What isCharacteristics of management accounting ?

A: Management accounting is a form of accounting system which is useful for management of the…

Q: improvements in ethical standards from an accounting perspective

A: Ethical standards in accounting are the norms to be complied with while undertaking the accounting…

Q: Whether accounting is an art or science?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Critically comment on Positive Accounting Theory (PAT) (

A: Accounting is a process that involves the recording of the transactions of financial nature.

Q: Explain the differences between a positive theory of accounting and a normative theory of…

A: The question is based on the concept of Business Accounting.

Q: Indicate whether the following statements about the conceptual framework are true or false. If…

A: a. False Explanation: It is relevance and faithful representation. b. False Explanation: Relevant…

Q: Framework, qualitative characteristics of accounting information are essential to assist decision…

A: The accounting information are one of the most important informations as it help it's user that…

Q: Ethical conduct and professional judgment each play important roles in the accounting process.a. In…

A:

Q: Why is a knowledge of accounting terms and concepts use-ful to persons other than professional…

A:

Q: examples of decisions that can be supported by accounting information

A: Accounting information represents the financial information about the company which is useful for…

Q: n the role of the accounting system according to the agency theory

A: Agency theory is one of the common problem in the organization form of the system and that exist due…

Q: Is accounting a trustworthy profession? How would you know whether it is or is not?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Which of the following characteristics must exist for accounting information to be useful in making…

A: Definition:

Q: Question 2 Considering whether to use historical cost or fair value relates to which of the…

A: Accounting Policies refer to specific accounting principles and methods of applying these principles…

Q: Discuss the importance of Accounting Research in the practice of of Accounting profession.

A: Accounting research Accounting research examines however accounting is employed by people,…

Q: Which of the following are considered secondary characteristics of accounting information? a.…

A: Secondary Qualitative Characteristics of accounting information is how useful the information is.…

Q: But what's the distinction among accounting and management

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: To what extent can, or should, accountants play a role in enhancing non-financial/extended…

A: Non-Financial/Extended Reporting means the increasing demand for non financial information from…

Q: are the two fundamental qualities that make accounting information useful for decision making. a.…

A: solution concept Relevance means the information that are relevant for the users of the financial…

Q: Positive Accounting Theory seeks to: Select one: a. explain and predict which accounting methods…

A: Positive accounting is the department of scholarly bookkeeping inquiry that looks to clarify and…

Q: To what extent are financial reports providing relevant and timely information to stakeholders?…

A: Given: The extent at which the financial provide information to stake holders and its improvements…

Q: Which of the following is not true concerning a conceptual framework in accounting? O It should be a…

A: Conceptual framework in accounting means rules, regulations and guidelines that are used for…

Q: Which of the following are the fundamental characteristics of accounting information? O a.…

A: The fundamental qualities of Accounting Information are Relevance and Faithful Representation.…

Q: What are the two of the qualitative characteristics of accounting information that contribute to its…

A:

Q: Why accounting information elements that may affect by stakeholders

A: Accounting is the process of recording, classifying and summarizing accounting information in such a…

Q: Identify TWO external consumers of accounting information and explain how that accounting…

A: Introduction: The term "financial statement" refers to any statement, such as an income statement, a…

Q: How do you assess at what stage of moral development in Kohlberg’s model you reason at in making…

A: As per Kohlberg , we should follow all the stage from 1-5 and make the proper decision.The reasoning…

Q: Under this qualitative characteristic, users are assumed to have a reasonable knowledge of business…

A: Accounting is the detailed process of recording, classifying, summarising and analysing accounting…

Q: Why should you as accounting student need to understand normalization

A: Normalization techniques are important because they help in proper storage of data by eliminating…

Q: 1) Identify and discuss the benefits that can be expected to be derived from the FASB’s conceptual…

A:

Q: 5. Discuss the importance of personal competence, professional judgment and ethical behavior on the…

A: i) Importance of personal competence , professional judgement and ethical behavior on the part of…

Q: Which of the following are important factors in ensuringthe integrity of accounting information?a.…

A: Certified Public Accountant (CPA): CPA is the accountant who is certified and licensed to examine…

Q: Why accounting is an infromation system? Explain with your own point of view with example.

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: Which of the following are important factors in ensuringthe integrity of accounting information?a.…

A: Probity of financial accounting information is quite significant as a number of users rely on such…

Q: The following are basic characteristics of management accounting, except A. It is future-oriented.…

A: Lets start with the meaning of managerial accounting. As the name suggest, it is a accounting for…

Q: What are the costs and benefits of establishing one set of accounting standards (i.e., IFRS) around…

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Q: In general, what is the conceptual framework that underlies accounting principles?

A: Accounting principles are the specific rules and guidelines that are to be followed in preparation…

Q: Which among the following are the reasons why regulation of the accounting profession is essential?…

A: Following is the answer to the given question

Q: What two primary qualitative characteristics make accounting information useful?   Predictive…

A: Relevance: In accounting, the term relevance means it will make a difference to a decision maker.…

Q: 3. Why are accounting standards important in the accounting profession?

A: Lets understand the basics. Accounting standard are set of basic rules and policies which needs to…

Q: s the view that accounting is a social science

A: Social science refers to the one aspect which examine the relationship among the societies and the…