what is some major challenge facing the accounting profession ?​

Answers

Answer 1

Answer:

Cash Flow. Cash flow has always been a concern for accountants, but it is becoming a top priority. ...

Staff Bandwidth. ...

Financial Reporting. ...

Lack of Automation. ...

Tax Law Changes. ...

Big-Budget Team. ...

Regulatory Changes. ...

New Accounting Standards.

Explanation:


Related Questions

briefly describe the two fundamental qualities of useful accounting information ?​

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Explanation:

Relevance and reliability are the two primary qualities that make accounting information useful for decision making.

Relevance: Relevant information is capable of making changes or differences in decision making by helping in forming predictions about the results of past, present, and upcoming events for correct expectations.

Accuracy: It depends on whether the information, numbers, and descriptions match what happened earlier and what exactly existed.

if a difference between two variables is statistically significant, which of the following can be concluded

Answers

Answer:

To determine whether the difference between two means is statistically significant, analysts often compare the confidence intervals for those groups. If those intervals overlap, they conclude that the difference between groups is not statistically significant. If there is no overlap, the difference is significant.

Explanation:

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