After completing this chapter, you should understand:
Change is accelerating in today's environment and the pressure to respond is intensifying. As new technology, accounting standards, laws, business methods, and global economic realities work their way through the accounting profession, these changes and realities are becoming increasingly complex. Critical thinking is necessary for effectively addressing these dynamic changes and is considered an important component of accounting education. All professionals must also know how to write effectively.
Clients now expect professional accountants to “add value” to what they observe, read, and write. Accountants must evaluate complex systems and information, as well as detect, predict, advise, and recommend appropriate courses of action. Critical thinking is needed throughout the process. Effective writing communicates the results to others.
Today's professional ...