QUESTION 1 a) What are some of the shortcomings of teaching accounting only as a skill? (4 mark) b) What would you consider to be Luca Pacioli's major contribution to the development of double-entry bookkeeping? (4 marks) c) Discuss the view that accounting is a social science (4 marks) d) Describe how accountants in Britain responded to public criticisms (4 marks) e) What has been the major role(s) played by professional accounting bodies in the development of accounting in the USA, UK and Ghana? (4 marks) A) Discuss the major characteristics of a theory. (4 marks) g) What is an asset and liability per the IASB framework definition for the preparation and presentation of financial statement (4 marks) h) Outline the factors that facilitated the emergence of early bookkeeping. (4 marks) i) What need has the changing definition of accounting fulfilled? (4 marks) j) Justify the need for an accounting theory. (4 marks)