The principle of 'stewardship' means that the main focus of accounting is on providing information to:

Question

Quizplus · Accepted Answer

The principle of stewardship refers to the responsibility of management to effectively manage the resources of the business on behalf of its owners or shareholders. Therefore, the main focus of accounting is to provide information to shareholders so that they can assess the performance of the management in fulfilling their stewardship responsibilities.

The Principle of 'Stewardship' Means That the Main Focus of Accounting