Question

Explain the purpose of the presentation, including a persuasive case for the importance of the accounting information to be shared."

Answer 1

Accounting information: Accounting is nothing but a language of business which depicts about its health and potential. It is important that such information is provided in a timely and presentable manner regularly to helps stakeholders take decision. Accounting information is a information provided by the management in form of various reports and statements as prescribed by regulatory bodies.

Main purpose of accounting information is to provide information which helps stakeholders in taking right decisions at right time. For instance, in absence of reliable accounting information it would not be possible for a bank to lend loan to the business of amount and withing time frame it is sought. Reliable and well presented accounting information of bank's interest will accelerate the process.