Accountants' primary responsibilities: Relevant and Reliable
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An Accountant's primary responsibility is to provide information which is: Useful - Relevant (forecasting/predicting - feedback and timely), Reliable (verifiable - faithful representation) and consistent (comparable).
Assuming that you concur with the foregoing commentary - how does the accountant carry out their responsibilities in the examples you cited?
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Solution Summary
Accountants' primary responsibilities relevant, reliable and consistent information is determined.
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ANSWERS
To be able to carry out these responsibilities, the accountant must first understand what information is considered useful and relevant by the users of such accounting information. From this the accountant will need to create a schedule when ...
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