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‘An accounting report is essential a report which must be able to fulfil certain basic criteria ‘ Explain? - Accountancy

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प्रश्न

‘An accounting report is essential a report which must be able to fulfil certain basic criteria‘ Explain?

थोडक्यात उत्तर
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उत्तर

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:

  1. Accuracy
  2. Relevance
  3. Completeness
  4. Timeliness
  5. Summarisation
shaalaa.com
Management Information System and Accounting Information System
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