Discussion Post
The purpose of the discussion post is to allow you as the Learner to demonstrate your understanding of the chapter's key learning points and how you might apply them in a given situation. Participating in the discussion question forum provides you as the Learner an opportunity to compare your ideas to ideas from others in your class.
Instructions: Using this key learning points, provide your response to the questions below:
Technology is increasingly used to process accounting data. Why then must we study and understand accounting?
Why is the revenue recognition principle needed? What does it demand?