Which of the following is a reason why accounting,and accountants,can be considered very powerful?
A) The emphasis on profitability measures provides support to profitable companies which may not be worthy of support under other measures.
B) The provision of purported objective information provides users with a source of power to drive changes to a corporation's behaviour.
C) The output of the accounting process impacts on many decisions which can result in transfers of funds, and therefore wealth.
D) All of the given options are correct.

Question

Quizplus · Accepted Answer

All of the given options are correct. Accounting provides information that affects decision-making, including financial transfers and allocation of resources. Profitability measures emphasize the importance of making money, which can influence which companies receive support. Providing purported objective information can give users a source of power to push for changes in a company's behavior. All of these factors contribute to the power of accounting and accountants.

Which of the Following Is a Reason Why Accounting,and Accountants,can