In order to perform their required roles and be valuable business partners,accountants must understand all of the following except:

Question

Quizplus · Accepted Answer

Accountants do not necessarily need to understand how the business identifies and designs its products and services, as this is typically the responsibility of the marketing and product development departments. However, they do need to understand how the business collects data, communicates information, delivers value, interacts with other businesses, is a good corporate citizen, and manages risks through internal controls.

In Order to Perform Their Required Roles and Be Valuable