Question 1.TQ.4: Why should a non-accountant study accounting?
Why should a non-accountant study accounting?
The blue check mark means that this solution has been answered and checked by an expert. This guarantees that the final answer is accurate.
Learn more on how we answer questions.
Learn more on how we answer questions.
Accountants collect a great deal of information about an entity’s activities and then translate it into monetary terms – a language that everyone understands. The information that is collected can help non-accountants do their job more effectively because it provides them with better guidance upon which to take decisions. Any eventual decision is still theirs. Futhermore, all managers must be aware of the statutory accounting obligations to which their organization has to adhere if they are to avoid taking part in unlawful acts.
Related Answered Questions
Question: 1.A.2
Verified Answer:
a) account; b) double-entry book-keeping; c) profi...
Question: 1.A..3
Verified Answer:
a) false; b) false; c) true; d) true; e) false.
Question: 1.A.6
Verified Answer:
1 Broadcasting: quasi-governmental.
2 Famine relie...
Question: 1.A.5
Verified Answer:
Type of entity
Advantage
Disadvantage
(a) Sol...
Question: 1.A.4
Verified Answer:
The AAT. It is not a chartered body and it is not ...
Question: 1.TQ.5
Verified Answer:
(1) To collect and store detailed information abou...
Question: 1.TQ.6
Verified Answer:
None. The preparation of management accounts is fo...
Question: 1.TQ.8
Verified Answer:
Statutory obligations are contained in the Compani...