Solutions Chapter 1

Solutions Chapter 1 - Chapter1Solutions DQ1-1 I dont want...

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Chapter 1 Solutions DQ1-1 “I don’t want to learn about technology; I just want to be a good accountant.” Comment. ANS. Possible points that could be made: a. Distinguish between an accountant and a bookkeeper. An understanding of accounting software and related technology would enable one to advance beyond entry-level positions. b. Without knowledge of computer technology, an accountant can be a bookkeeper/accountant for a small firm that does not use computers at all . (With the ubiquitous nature of computers, this has become a weak argument, at best.) c. Because the ability to access data, present data for decision making, audit an accounting system, and so on, are all affected by computer technology, the career path for an accountant will be severely limited by his knowledge of computer technology. d. The public accounting profession is competitive and the effective use of technology helps maintain a competitive edge. For example, an auditor can usually complete an audit engagement in less time—and be surer of the
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This note was uploaded on 02/23/2010 for the course ACG ? taught by Professor Bline+pascaerlla during the Spring '10 term at Bryant.

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Solutions Chapter 1 - Chapter1Solutions DQ1-1 I dont want...

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