What objective should an accounting system provide?
A) a detailed analysis of employee productivity
B) an accurate and thorough picture of operating results
C) current profit comparisons with competition
D) up-to-date contact information of every shareholder

Question

Quizplus · Accepted Answer

The primary objective of an accounting system is to provide an accurate and thorough picture of operating results. While employee productivity and competition comparisons are important factors in evaluating a company's success, they are not the main objective of an accounting system. Additionally, maintaining contact information of shareholders is not directly related to accounting system objectives.

What Objective Should an Accounting System Provide