0
Informational Accounting (IaA) is similar to Financial Accounting except that it applies to information instead of money.
IaA uses accounting techniques - tables identifying sources, targets, balances, acquisitions, assets, allocations, savings - but not of money, only of information.
For example, in IaA, it is possible to account whether there is sufficient information coming in and going out of an org. Very importantly, information can be checked to determine whether it is in or out of balance, and whether there is sufficient information for optimised operation, and also what informational investments exist that will support optimum operations and growth.
Like double-entry bookkeeping shows where financials are out of balance, so the equivalent IaA approach shows where informationals are out of balance. Similarly, where a financial income statement addresses financials coming into the org, an IaA income statement addresses informationals coming in to the org.
Informational Accounting is a new discipline and the number of practitioners is growing.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are the subfields of accounting?
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
What is the 3 golden rules of accounting?
personal accounting nominal accounting real accounting
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
What are accounting principles?
The Accounting Principles are the assenition rules of accounting and the application of these rules, method & procedures to actual practice of accounting. These Accounting principles have been divided into a. accounting concepts b. accounting conventions.
Give an informational presentation to a group ofsmall business owners with no accounting or finance knowledge?
"http://wiki.answers.com/Q/Give_an_informational_presentation_to_a_group_ofsmall_business_owners_with_no_accounting_or_finance_knowledge"
How do you spell informational?
The correct spelling is "informational."
What are informational memorandum reports?
= What are the informational memorandum reports? =
What are the informational memorandum reports?
= What are the informational memorandum reports? =
How can you use informational in a sentence?
The webite is very informational
Example of informational nonfiction?
Newspaper articles are informational nonfiction.
Where is the informational content of a gene stored?
The informational content of a gene is stored in
Give an example of informational books?
"Great fire" is the example of a informational book.
What example of an informational speech?
An informational speech is just a speech to explain something. Here are some good informational speech ideas to look over.
What is an example of an informational speech?
An informational speech is just a speech to explain something. Here are some good informational speech ideas to look over.
What does informational mean?
Informational means giving information or able to inform/ to better educate.
What is an informational narrative?
An informational narrative is a nonfiction book writen in the author's point of view.
