The Role of the Accountant Has Changed in Recent Times

question 9

Multiple Choice

The role of the accountant has changed in recent times because:

• A)professional bodies have sought to redefine and reposition the accounting function.
• B)Computer systems have emerged to handle the classification and recording tasks traditionally associated with the accounting function.
• C)The accounting cycle is too complex and involved to be performed solely by the accountant.
• D)Knowledge workers have increasingly replaced accountants in the performance of recording and classification tasks.

---

Definitions:

Equity Multiplier

A financial ratio that measures a company's leverage by comparing its total assets to its total equity.

Year 2

The second year in a specified timeframe, often used in financial and performance analysis.

Average Collection Period

A financial metric indicating the average number of days it takes for a company to receive payments owed by its customers.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest obligations, calculated as earnings before interest and taxes divided by interest expense.