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Running head: DISCUSSION POST
Statement One Evaluation
The first statement under evaluation depicts that accounting is a service activity and that
the function of accounting is to provide quantitative financial information which is aimed at
making economic resolutions regarding the corporations. Therefore the accounting function is
presumed to be a tool or a particular device for offering quantitative information to management
in order to facilitate the practice or the aspect of making decisions and resolutions. One of the
half-truths underlying the aforementioned principle is that accounting cannot be embraced as a
tool for providing quantitative information. Instead, it should be presumed to a qualitative tool
that provides information (Wahlen, Jones and Pagach, 2017). Another half-truth underlying the
statement is whereby the statement eludes that accounting is a service activity. Such a
postulation depicts a half-truth since accounting is defined as the process of incepting the
The process should be continuous and it should present information which is true and of
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