Purpose of Accounting for an Organization?

Answer Some small companies neglect the need for a formal accounting process. But every organization, whether it is for profit or nonprofit, large or small, benefits from having an accounting system and a... Read More »

Top Q&A For: Purpose of Accounting for an Organization

Organization Involved in Developing Accounting Principles?

Accountants work in a variety of industries managing the financial recording of all business transactions. The accountants communicate the financial results through the publication of financial sta... Read More »

What is the purpose of the code of ethics in an organization?

Understanding how to properly behave in an organization is the purpose of a code of ethics. Whether it is to know the difference between right or wrong, good or bad and just or unjust, a good code ... Read More »

The Purpose of Accounting Information?

Accounting has often been called the language of business. It has earned this designation as companies use financial information to deliver information in a universal manner for review by internal ... Read More »

What is the purpose of an accounting worksheet?

Accountants use worksheets to prepare the adjusted trial balance and then to prepare preliminary financial statements at the end of the accounting period. Worksheets are not required but they provi... Read More »