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The purpose of accounting

Recognize and articulate the distinction between book-keeping and accounting. Identify the reasons for assessing business profit and loss. Clarify how accounting contributes to supplying information that aids in tracking performance and making decisions.

1

Objectives

10

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7

Questions

46 min

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CambridgeIGCSEAccountingThe fundamentals of accounting

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The purpose of accounting outcomes1 objectives
  • Recognize and articulate the distinction between book-keeping and accounting. Identify the reasons for assessing business profit and loss. Clarify how accounting contributes to supplying information that aids in tracking performance and making decisions.

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