Why would an accountant engage in financial accounting research?
A)When they need to determine the appropriate reporting treatment for a transaction.
B)When a given transaction requires judgment.
C)Both A & B
D)Neither A nor B

Question

Quizplus · Accepted Answer

An accountant would engage in financial accounting research both when they need to determine the appropriate reporting treatment for a transaction and when a given transaction requires judgment. Conducting research ensures that the accountant makes well-informed, defensible decisions about financial reporting, and avoids making mistakes that could lead to financial or legal consequences.

Why Would an Accountant Engage in Financial Accounting Research