How accounting information can help and hinder an organization’s progress toward its mission and objectives (Research Paper Sample)

How accounting information can help and hinder an organization’s progress toward its mission and objectives
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Introduction
For many years, accounting information has been used for a number of reasons such as decision making, to measure the organizational performance and to reflect the true and fair view on how the investor’s assets are utilized. This presentation is aimed at analyzing how accounting information can be helpful and a hindrance to organization’s quest of attaining its goals and fulfilling its mission.
Accounting information helping an organization’s progress towards its mission and objectives
Traditional accounting information
The traditional accounting information has been vital in enhancing decision making process. Good management decisions are vital in ensuring the objectives of an organization are met. One of the basic objectives of any organization is to make profit. As such, the traditional accounting information aspires to minimize cost especially through identification of non relevant cost and applying effective measures to attain cost and managerial accounting goals (Narong, 2009).