The International Federation of Accountants says:"IT has grown (and will continue to grow) in importance at such a rapid pace and with such far reaching effects that it can no longer be considered a discipline peripheral to accounting. Rather, professional accounting has merged and developed with IT to such an extent that one can hardly conceive of accounting independent from IT."In your opinion, why is accounting now interdependent with IT?
What will be an ideal response?
Answers will vary. A potential answer might reflect information presented in the class or textbook about the IT nature of accounting and the importance of accountants being proficient in roles associated with IT.
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Agencies that regulate state-chartered banks, worker's compensation, state universities, and state taxes are assigned duties by the ________
A) administrative law judges of the state B) state legislature C) judicial branch of the government D) president and Congress
What type of values-based leader would be described as someone who “leads from behind”? Someone who leads without interests in earning a profit or being in the public eye.
What will be an ideal response?
A few members dominating the discussion is a critical disadvantage of which data gathering method?
a. interviews b. focus groups c. observations d. unobtrusive measures
Just-in-time costing is also known as ________
A) job costing B) batch costing C) backflush costing D) process costing