Response to the following questions:
1. What is the purpose of accounting?
2. What is the relation between accounting and recordkeeping?
3. Identify some advantages of technology for accounting.
4. Who are the internal and external users of accounting information?
5. Identify at least five types of managers who are internal users of accounting information.
6. What are internal controls and why are they important?
7. What three-step guidelines can help people make ethical decisions?