Management accounting helps organizations improve their ability to control costs and plan for the future through financial forecasts. It also focuses on providing reports to ensure...

Purpose of Accounting
Accounting is a crucial discipline for keeping track of quantifiable factors for a business or individual. Accountants are primarily employed to track the flow of money through an organization. In some cases, they are charged with ensuring legal... More »
Difficulty: Easy
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What is the purpose of accounting? - Questions & Answers ...


Nov 19, 2011 ... The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a ...

Purpose of Accounting - AccountingVerse


The basic purpose of accounting is to provide information that are useful in decision-making. Learn more about the role of accounting and the types of ...

Likewise, if the seller is the manufacturer of appliances and promises extensive warranty coverage, it should not book the sale as revenue unless the cost of providing that service (i.e., warranty repair labor and parts) can be reasonably estimated. Under this method, ... More »
By Joshua Kennon, About.com Guide

What Is Accounting? - Purpose, Importance & Relationship to ...


Just as French is considered the language of love, accounting is considered the ... You will also learn the purpose of accounting, why it is important, and how it ...

Purpose of Accounting - Buzzle


Apr 29, 2013 ... Purpose of Accounting. Companies invest a lot of time and money in maintaining their accounts. Besides being a mandatory requirement, ...

Financial Accounting - QuickMBA


The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to ...

What Is the Purpose of an Accounting Department Within an ...


An accounting department provides accounting services and financial support to the organization it belongs to. The department records accounts payable and ...

Four Key Goals of Accounting Systems | Chron.com


The main purposes of an accounting system are to prevent and detect fraud, waste and theft and to generate financial statements for managers, creditors and  ...

Popular Q&A
Q: What Is the Purpose of Accounting?
A: Significance The primary purpose of accounting is to identify and record all activities that impact the organization financially. All activities, including purc... Read More »
Source: www.ehow.com
Q: Purpose of Accounting.
A: Significance. Without good accounting practices, it can be very easy to lose track of the finances of even a moderately active small business. Keeping an accura... Read More »
Source: www.ehow.com
Q: Purpose of accounting?
A: Lets make this simple. not a paragraph.. its to keep track of your credits and debits.. ok? so now ya know pleaase people stop giving stupid answers to question... Read More »
Source: wiki.answers.com
Q: Purpose of accounting?
A: Lets make this simple. not a paragraph. its to keep track of your credits and debits. Read More »
Source: wiki.answers.com
Q: What is the main purpose of accountant's?
A: Financial accounting represents just one sector in the field of business Read More »
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