Chapter 1: The role of accounting in business Contents:  Teaching Notes  Answers to Lecturers’ End-of-Chapter Exercises from the book (Answers to exercises and Answers to self-test questions are at the end of the book) Teaching Notes Introduction In this opening chapter we introduce the most common forms of business organization in the UK, and we discuss the reasons why people in business need accounting information, the nature of accounting information and the role of the accountant. The chapter concludes with a section on accounting ethics. It assumes no prior knowledge of the area and so is very suitable as an introduction for