Writing Assignment #1: Managing in a global, digital society requires accountants to pay close attention about information. One of the reasons...

Writing Assignment #1: Managing in a global, digital society requires accountants to pay close attention about information. One of the reasons accountants have to pay close attention to information is because the information presented by accountants will be used by management for making crucial decisions. Roughly 50 years ago, Russell Ackoff wrote about the importance, or lack of importance, of information that management needs in “Ackoff’s Management Information System”.  You will read this article and answer the following questions:

-      Does each of the assumptions (individually) apply today? Whether you agree or disagree, you will need to explain why and provide examples to support your stance.

-      Since this the article was written over 50 years ago, the assumptions should be updated to reflect today. Revise each of the 5 assumptions to reflect a global, digital society and provide a quick summary of each summary.

-      Now, do some research on the CPA Vision Project of 2025, Explain how the framework can help accountants to provide their managers with the right information at the right time in the right format.

-      We know information systems have a huge impact in providing accountants with information. Identify the necessary skills that an accountant should have that will allow them to provide their managers with the right information at the right time in the right format.