The document discusses knowledge management and learning organizations. It defines knowledge and outlines ways it can be acquired, such as through single-loop and double-loop learning. It also discusses how knowledge is gained through learning and the distinction between explicit and tacit knowledge. Key aspects of learning organizations are participative policy making, a learning approach to strategy, and rewarding flexibility. While information and communication technologies can strongly support functions like informative and formative accounting, true learning depends more on human factors and creating the right culture for knowledge to develop and spread.