Description
Chapter 1 of your text states that accountants need a dual competency-technical proficiency and ethical sensibility. Explain in a couple of paragraphs what this means.
Explanation & Answer
if we look the definition of competency ''a cluster of related abilities, commitments, knowledge, and skills that enable a person (or an organization) to act effectively in a job or situation'' so we can say that accountants now a days really need a dual competency means accountant must know the knowledge of accounting as well as they must have the abilities to solve the other problem who are not related to the accounts.Accountants with strong technical skills have an equally strong understanding of generally accepted accounting principles, or GAAP. As a technical resource on the accounting team, other employees will come to you for information.Future accountants need to realize the value of high ethical standards for the sake of betterment of the organization.
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