Accountants Are the Main Reason Financial Statements Are Prepared

question 143

True/False

Accountants are the main reason financial statements are prepared.

---

Definitions:

Abstract Ideals

Principles or concepts that exist in thought or as an idea without having a physical or concrete existence.

Cultural Norms

Cultural norms are the shared expectations and rules that guide behavior of people within social groups.

Amoral Manager

A type of manager who lacks a clear understanding or concern for the ethical implications of their decisions and actions in the business environment.

Ethical Implications

The moral consequences or considerations associated with a particular action, decision, or policy, evaluating its rightness or wrongness.