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The role of accounting and ethics in business

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What role does accounting play in business operations? How dependent do you think a business is on its accounting department? Why?

Why are ethics so important in the field of accounting?

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Solution Summary

The solution discusses the role that accounting plays in business operations. It also discusses the importance of a business's accounting department. Lastly it discusses why ethics is such an important factor in the field of accounting.

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The role of accounting is to provide information for managers to use in operating the business. In addition, accounting provides information to other stakeholders to use in assessing the economic performance and condition of the business.

Ethics in accounting is of utmost importance to accounting professionals and those who rely on their ...

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