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I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
What else can I help you with?
What is summarizing in accounting?
The word summarizing used in the accounting field means to prepare the trial balance. This is basically balancing the books at the end of the month or year.
What does this mean strategy is not an end to itself but a means to an end?
It means that strategy alone is not the end, but the way you use it can make something come to the end. For example: If you commanded a legion of 40,000 soldiers, having a strategy isn't the end, but using it wisely makes it a means to the end.
What is stewardship accounting?
stewardship means that how carefully you take care of smthng.... stewardship accounting means that how we are taking care of our business which is shown in our accounts...... stewardship accounting was the root of accountancy...but now accountancy is a very very very broad concept, it not only means taking care of all the business system.....
Define'in it of itself'?
The correct phrase is "in and of itself" which means "considered alone"
What does the root auto mean?
the root auto means by itself
Cost accounting is not an end itself , it is a mean to an end?
Dd
Is democracy an end in itself or merely a means?
Clearly it is a means.
What is summarizing in accounting?
The word summarizing used in the accounting field means to prepare the trial balance. This is basically balancing the books at the end of the month or year.
What does Force should be a means to an end not an end in itself mean?
When a force is by another
How do you survive in the end of the universe?
The end of the universe means nothing will survive even the universe itself.
How can you justify that accounting is an information system?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
What does it mean to say that a job is a means to an end and not an end to itself?
It means that the job is only a temporary point where you can make the leap to what career path you choose.
What does this mean strategy is not an end to itself but a means to an end?
It means that strategy alone is not the end, but the way you use it can make something come to the end. For example: If you commanded a legion of 40,000 soldiers, having a strategy isn't the end, but using it wisely makes it a means to the end.
Matching in accounting means to make an entry in the journal?
Matching" in accounting means to make an entry in the journal
What is the difference between profit making accounting and not for profit making accounting?
The difference between profit making accounting and not for profit making accounting is, that question should answer itself! 8^0
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is the difference between computerised accounting and manual accounting?
Manual accounting is the kind that a person does by means of a pen (or pencil) and paper, and (at most) an adding machine to help; computerized accounting is the kind that computers do for you, by means of spread-sheets.
