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The accounting user need necessay infomation to recording, summerising, classifying in the books of original entry which enterpreting the result there off...
In sample answer to know every thing about the entry they will make it either its manual or in any ERP system , as any transaction MUST be cleared and supported with the needed documents as well in order when we need these information any time we can pick it up on accurate basis and not fake basis.
For completeness and presentation of accurate MIS information. It is crucial to collect all necessary information to disclose in the financial statements as per GAAP.
Accountant primarly job is to provide the accurate and timely information to the management to enable them to make startegic decision makings
. Therefore its necessary that they should acquire all the basic and relative information to the transactions and records which they are using in these information.
Financial information affects the economic decisions of the users of financial information, so user need information which are both relevant, reliable.
