Which of the following is the best description of accounting\'s role in business

Question

Which of the following is the best description of accounting's role in business?

Accounting helps in decreasing the credit risk of the company. Accounting provides stockholders with information regarding the market value of the company's stocks. Accounting is not responsible for providing any form of information to users. That is the role of the Information Systems Department. Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company.

Explanation / Answer

The best description regarding Accounting's Role in Business is :

Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the Company.

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