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BUS3061- Fundamentals of AccountingThe Accounting EnvironmentResources
• The Accounting Environment Scoring Guide.
• APA Style and Formatting.
• Writing Feedback Tool.
• Accounting Principles: A Business Perspective, Financial Accounting.
This assignment will familiarize you with the very beginnings of the accounting function in an organization. After completing this assignment, you will understand:
• The functions performed by accounting in a business organization.
• Available career options in the accounting field.
• How the field of accounting is subdivided into categories.
• The organizations involved in setting generally accepted accounting principles (GAAP).
• The role ethics plays in the accounting function.
Instructions
Respond to the following questions using grammatically correct language and appropriate APA citations. To achieve a proficient grade in this assignment, answer the proficient-level queries for each question. To achieve a distinguished grade, answer both sets of queries for each question.
1. Question 1: o Proficient-level:
 There are several important functions performed in an organization, among which accounting is one of them. Define the accounting function and discuss how it differs from double-entry bookkeeping.
 What types of information are critical to the performance of the accounting function in an organization? o Distinguished-level:
 What are the three groups of functions performed by accountants?
 Discuss the activities that are part of each group.
2. Question 2:
o