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This post addresses how accounting is part of our society.

Accounting is ingrained in our society and it is vital to our economic system in the U.S. How does this fit with your perception of accounting? Justify your response with examples.

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Accounting is ingrained in our society, because we see what happens when it is not an integral part of society, and more specifically, we see what happens when accounting is a part of our society, but is poorly regulated. We can look at companies like Enron for an example. ...

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The solution provides a detailed discussion examining the following question:

Accounting is ingrained in our society and it is vital to our economic system in the U.S. How does this fit with your perception of accounting? Examples are also provided.

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