Documentation of the Accounting System Allows

Multiple Choice

Documentation of the accounting system allows:

A) The accountant to analyze and understand the procedures and business process and the systems that capture and record the accounting data.
B) The non-accountant to create a picture or chart of what should happen within the accounting system.
C) The investor to see inside the accounting system so that he / she can better understand the financial statements.
D) The accountant to determine which financial statements will be necessary to properly report the results of operations.