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.

Question

Quizplus · Accepted Answer

Documentation of the accounting system allows the accountant to analyze and understand the procedures and business process and the systems that capture and record the accounting data. The other options may be benefits of documentation, but they are not the primary purpose of it.

Documentation of the Accounting System Allows