Advertisements
Advertisements
Question
‘An accounting report is essential a report which must be able to fulfil certain basic criteria‘ Explain?
Solution
Data manipulated and processed in a way that is grasped by user without any complexity becomes information. This information is further refined to create a report. Content and the report design depends upon the management level in which it gets submitted. Decisions are taken on the basis of the reports prepared. An accounting report must fulfill the following criteria:
- Accuracy
- Relevance
- Completeness
- Timeliness
- Summarisation
APPEARS IN
RELATED QUESTIONS
State the relationship between information and decision.
What is an Accounting Information System?
Give example of the relationship between a Human Resource Information System and MIS.
Explain, using examples, the relationship between the organisational MIS and the other functional information system in an organisation.
Describe how AIS receives and provides information to other functional MIS.
