DQ: Professional judgement plays a major role in the practice of accounting. In general terms, explain why judgement enters into the accounting process? Also identify at least three situations in which accountants must rely on their professional judgement, rather than on official rules.

should be in your own wordings

also

Provide 2 substantive comments to a question posted on Moodle as a response to the DQ of the week by a peer as required. It is shows that you read other answers and learned from them