Accounting is a critical part of the total information system for a business

Accounting assists users of its information to make informed choices on resource allocation.

Accounting is part of bookkeeping process

Accounting provides accountability reports to show how management has taken care of a company's resources.

Reading and interpreting financial reports

Relevant information to make investment decisions

The technical design of accounting information system

The source of financing of the business

i & ii

i, ii, iii, iv & v

iii, iv & v

i, ii, iii & v

to allow the preparation of a taxation return

to assist users in making informed decisions

to calculate the bank account balance

to enable the financial statements to be prepared