Question

In: Accounting

We can make good decisions with good information and we can make bad decisions with good...

We can make good decisions with good information and we can make bad decisions with good information. How would you apply the advice given in Job 28: 27-28 NIV to the information generated in accounting, 27 "then he looked at wisdom and appraised it; he confirmed it and tested it. 28 And he said to man, 'The fear of the Lord - that is wisdom, and to shun evil is understanding.'"

Solutions

Expert Solution

Information is knowledge and wisdom is the ability to use this knowledge in the most appropriate manner. We can make good and bad decisions with same information. It is not the information but the attitude of the user decides it whether to use it for good or bad. The accounting informations are very important and vital in the concerned person's life. We can use it for good as well as bad purposes. It can perform constructive functions as well as destructive functions in one's life. It can nurture the society for its well being. At the same time it can hinder the development.

So it is the call of the person that to use the information for good or bad. The holy Bible correctly said that "The fear of lord -that is wisdom, and to shun evil is understanding". We have an information that have the potential to construct and destruct. We have to use it for constructive purpose. Use it for the development of the society and well being of the humanity. That is the real wisdom. Keeping away from evil.


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