Importance of accurate/timely accounting information
Not what you're looking for?
Why is it important for accounting information to be accurate and timely? How can this be achieved?
Purchase this Solution
Solution Summary
Why is it important for accounting information to be accurate and timely?
Solution Preview
It is extremely important for accounting information to be accurate and timely in order to present a clear and accurate view to the various stakeholders of the company such as management and promoters, general public and shareholders if it is a publicly traded company, investors and analysts, etc. Further, it is important to submit accurate financial statements in a timely manner from legal point of view as well.
Timely and accurate presentation of financial statements helps the management and other people ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
Recent Feedback
- "Thank you. "
- "Thank you"
- "Thank you. I got 20/20 last week for my discussion you help me out with."
- "Thank you. Great Job. "
- "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.