Question

Which of the following statements should be categorized as an emerging trend andor issue for the accounting profession? Select one: a. The role of the accountant will transform themselves into consultants. They will evolve new skill sets otherwise they may become obsolete b. Storing my firm's accounting data will be stored on my computer, as well as being backed-up on my flash drive. This procedure is convenient, inexpensive and user friendly c. Health and performance of a business is contained within the numbers found in the balance sheet and other financial statements. The creation of those numbers are based on methods that have been in practice over the last 30 to 50 years. d. Business schools, when teaching accounting, should focus on the preparation of data-that is, the teaching and the application of a manual data entry processing system Clear my choice

Answer 1

B.

Because every accounting professional needs a computer or a software system for their maintainence of data.