What Are The Purposes Of Accounting Information?
Score Keeping: The score-keeping function is one the primary purposes of accounting information. It basically deals with the financial health of the enterprise. Attention Directing : Attention directing is nothing but the process of giving a signal to the user of accounting information about the need to take a decision. As such the accounting information supplied the user’s attention to take decision. Problem Solving: The problem solving function of accounting information involves provisions of such information, which enables the manager to find solutions to the problems.
