Write briefly on the following main innovations which have been introduced in an attempt to  present a clear picture when presenting accounting information: (i) Cash flow statements; (ii) Employee reports and Value added statements; (iv) Financial summaries and Inflation adjusted accounts;

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5Q: Which area of accounting needs a computerized accounting information system the most—payroll, tax,...
icon
Related questions
Question

Write briefly on the following main innovations which have been introduced in an attempt to 
present a clear picture when presenting accounting information:
(i) Cash flow statements;
(ii) Employee reports and Value added statements;
(iv) Financial summaries and Inflation adjusted accounts;

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning