This assignment has 3 parts:
In today’s global marketplace, business is conducted on every continent, in different currencies and in many languages. Even so, it is often said that accounting is the language of business.
- When there are so many other options, why do you suppose accounting would be considered the language of business?
- If accounting standards differ by country – and some do – what are your thoughts about how the phrase could still be true?
- Thinking about your experience as a consumer, share an example of how accounting could be considered a language of business.