"The role of accounting has changed over the period of time." Do you agree? Explain.
"The role of accounting has changed over the period of time." Do you agree? Explain.
Yes, I agree with this statement as it is very much true that the role of accounting has changed over the period of time. It is referred to as a language of business concerned with measurement, classification and summarisation of various business transactions and finally prepares the reports and statements, which shows the financial condition and results of operations of that enterprise.
Now accounting also performs the service activity by providing quantitative financial information that helps the users in various ways. Accounting as an information system collects and communicates economic information about an enterprise to a wide variety of interested parties.
Yes, I agree with this statement as it is very much true that the role of accounting has changed over the period of time. It is referred to as a language of business concerned with measurement, classification and summarisation of various business transactions and finally prepares the reports and statements, which shows the financial condition and results of operations of that enterprise.
Now accounting also performs the service activity by providing quantitative financial information that helps the users in various ways. Accounting as an information system collects and communicates economic information about an enterprise to a wide variety of interested parties.
