Practical Financial Management

Abstract

1.1 What Are Accounts For? Overview The purpose of accounts is to reveal performance in the conduct of a business or other activity concerned with use of economic resources (e.g. a club). It is thus a matter of stewardship. Although, like economics, it is necessary in accounting to use money as a measure of performance, it is concerned with the individual organisation rather than with economic phenomena as a whole.

Citation

(1987), "Practical Financial Management", Management Decision, Vol. 25 No. 5, pp. 4-59. https://doi.org/10.1108/eb001465