What is the approach to accounting that focuses mainly on providing information that enables owners to make money?

Question

Quizplus · Accepted Answer

The stewardship approach focuses on providing information that enables owners to make money. It emphasizes the responsibility of the management to use the resources of the organization in an efficient and effective manner to generate profits for the owners. This approach is based on the assumption that the owners have entrusted their resources to the management, and the management has a duty to manage them in the best interests of the owners.

What Is the Approach to Accounting That Focuses Mainly on Providing