Discuss the significance of accounting.
What will be an ideal response?
Accounting offers us a system of rules and principles that govern the format and content of financial statements. Accounting, by its very nature, is a system of principles applied to present the financial position of a business and the results of its operations and cash flows. It is hoped that adherence to these principles will result in fair and accurate reporting of this information. Now, would you consider an accountant to be a watchdog or a bloodhound? Does an accountant stand guard or instead seek out problematic reporting? The answer to this question may depend on whether the accountant is employed internally by a firm or works as outside counsel.
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Tony has a full courseload and a full-time job. He has tried everything he can think of to help him deal with his stress, but nothing has worked. He plans to go see a counselor next week. What method relies on therapeutic intervention?
A. meditation B. holistic wellness C. cognitive restructuring D. muscle relaxation E. biofeedback
All of the following would impact your decision about when to buy an offering EXCEPT:
A. you don't have the money now and don't get paid until Friday. B. the store is closing in 10 minutes. C. the product is on sale. D. the retailer's return policy is very relaxed. E. the manufacturer is currently offering a $25 rebate.
A plan to integrate employees into a new payroll system, assuming that it is not likely to be repeated in the foreseeable future, is an example of a ________ plan.
A. start-up B. single-use C. standing D. contingency E. subject
A corporate bond has a coupon rate of 9%, a face value of $1,000, and matures in 15 years. Which of
the following statements is MOST correct? A) An investor with a required return of 10% will value the bond at more than $1,000. B) An investor who buys the bond for $900 will have a yield to maturity on the bond greater than 9%. C) An investor who buys the bond for $900 and holds the bond until maturity will have a capital loss. D) If the bond's market price is $900, then the annual interest payments on the bond will be $81.