answersLogoWhite

0

Accounting has a great value in information age. It is a system that identifies, records and deliver financial information that is relevant, reliable and comparable in order to help users to make better and accurate decisions.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Finance

What is the role of the finance function within a large organisation?

The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.


What are the Flaws in the accounting information system?

pls give me accounting informotion systam


What are the disadvantages of accounting information system?

To many companies rely on accounting information systems because they are so prevalent. If the system fails, the business would be at a loss for information.


What is the role of accounting software in the management of modern organisation?

It helps to keep all of the information organized for the company. If you can keep track of finances better, you can make more money.


What role does financial accounting play in decision making?

Accounting has been defined as the process of identifying, measuring, recording and communicating economic information to permit informed judgments and economic decisions. The primary purpose of accounting is to help persons make economic decisions. In our society resources must be allocated among and within all kinds of entities. Accounting information provides the basis for making decisions about resource allocation.Accounting information is financial information about economic activities. All economic entities (e.g. businesses, government agencies, families, charitable entities) need such information because it is used for making economic decisions about those entities.11 Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1.

Related Questions

What is the Role of accounting information in accessing corporate performance?

this question is for better accounting system0si


What are the roles of Management in Accounting?

The role of management levels in accounting is to get full information about the financial position in the organization to get the decision


Limitation of accounting information?

The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin


Role of managerial accounting?

Managerial accounting play a vital role in managers life,Life is veyi easy due to managerial accounting


Which type of accounting information is intended to satisfy the needs of external users of accounting information?

Financial accounting


What are theAdvantages of accounting information disclosure?

what are the advantages of accounting information disclosure?


What is the role of math in accounting?

accounting is basic math so you kind of need it to do accounting


Role of cost accounting in managerial decision making?

Role of cost accounting in managerial decision making?"


What is management accounting information used for?

Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...


How does accounting information helps research scholars?

They need accounting information to make a study and assess how accounting information affect business organisation.


What is the role of accounting and accounting information?

Think of accounting as the language of business. In order to communicate to investors, lenders, boards of directors and other stakeholders, it is critical that one is well versed in the language. Accounting records are the source information for financial statements which are used for many purposes including evaluating a business, making strategic decisions and assessing the health of an organization.


Where you can download article for Accounting Information System?

accounting information system?