Why is accounting described as a system


Question 1. Why is accounting described as a system?

Question 2. Since 1973, the FASB as had the authority to prescribe Accounting Standards in the U.S. Given today's global marketplace, how would you expect this to change?

Question 3. How does the DuPont model extend our understanding of ROI?

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Accounting Basics: Why is accounting described as a system
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