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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.
What else can I help you with?
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 is the 3 golden rules of accounting?
personal accounting nominal accounting real 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.
3 important activities in accounting process?
real accounting, nominal accounting,personal accounting
What are the difference of journal entry method and memorandum method in share capital?
The journal entry method records transactions directly in the accounting books using standard debit and credit entries, reflecting the immediate impact on the financial statements. In contrast, the memorandum method involves maintaining a separate record or memorandum for share capital transactions, which may not be immediately recorded in the main accounting system. The memorandum method is often used for informational purposes or for tracking unissued shares, while the journal entry method provides a more formal and immediate accounting treatment. Ultimately, the choice between the two methods depends on the company's accounting policies and the level of detail required.
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?
Informational is the correct spelling.
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
What are informational memorandum reports?
= What are the informational memorandum reports? =
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 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 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 informational narrative?
An informational narrative is a nonfiction book writen in the author's point of view.
What does informational mean?
Informational means giving information or able to inform/ to better educate.
