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Preferred term

impact of accounting on organizations and society  

Definition

  • Accounting is a systematic process of measuring and reporting to various users relevant financial information for decision making that deals with the economic activity of an organization. Accounting has had a significant impact on the economic development of societies and the organizations therein throughout modern history, as investors, creditors, regulators, and other interested parties have sought to measure the performance of corporations and other business enterprises. [Source: International Encyclopedia of Organization Studies; Accounting, Impact on Organizations and Society]

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URI

https://concepts.sagepub.com/social-science/concept/impact_of_accounting_on_organizations_and_society

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