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Article: Accurate Financial Data Needed.(financial information services of accounting industry)
- Article from:
- The Practical Accountant
- Article date:
- June 1, 2005
- Author:
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The end-point of gathering financial data and organizing it is to make sense of the numbers and to be able to make better decisions. Accounting is not just about aggregating data and reporting it; rather, accounting is supposed to help us develop a better framework for making financial and management decisions. In this way, bookkeeping (transactional accounting), is a rote task performed that helps us perform the work that we are really trained for, which is to take numbers, make them come alive, and use them.
Generally, to the current time, our industry has fallen somewhat short in helping people make better financial decisions from the financial data that is ...