Purchase Solution

Importance of accurate/timely accounting information

Not what you're looking for?

Ask Custom Question

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 ...

Solution provided by:
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.