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“The role of accounting has changed over the period of time”- Do you agree? Explain.
Category : Accounting | Answer: 1 4 Months Ago

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In earlier times, accounting was focused on only recording the financial events, i.e. record-keeping activity. However, now accounting is not only focused on maintaining records, but also providing an information system that provides important and relevant information to various accounting users. The role of accounting has changed due to the ever-changing and dynamic business environment, which is more competitive in nature now than it was in earlier times. Also various relevant activities like decision making, forecasting, and comparison and financials analysis etc. make these changes necessary and inevitable.
4 Months Ago
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Kanm7j

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3 Months Ago