Discuss the objectives of accounting as outlined by the Trueblood Committee.
The Trueblood Committee report specified the following four information needs of users:

1. Making decisions concerning the use of limited resources
2. Effectively directing and controlling organizations
3. Maintaining and reporting on the custodianship of resources
4. Facilitating social functions and controls

Question

Discuss the objectives of accounting as outlined by the Trueblood Committee.
The Trueblood Committee report specified the following four information needs of users:

1.	Making decisions concerning the use of limited resources
2.	Effectively directing and controlling organizations
3.	Maintaining and reporting on the custodianship of resources
4.	Facilitating social functions and controls

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The Answer of Discuss the objectives of accounting as outlined by the Trueblood Committee.
The Trueblood Committee report specified the following four information needs of users:

1.	Making decisions concerning the use of limited resources
2.	Effectively directing and controlling organizations
3.	Maintaining and reporting on the custodianship of resources
4.	Facilitating social functions and controls

Discuss the Objectives of Accounting as Outlined by the Trueblood