Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 1 - Financial Accounting and Accounting Standards - Review and Practice - Questions - Page 22: 3


Normally, the accounting process is very critical since, once measured accurately, fairly as well as on a time basis, managers and companies have high chances of attracting investment capital thus facilitating efficient and effective capital allocation process.

Work Step by Step

Its important to note that capital allocation is one of the most crucial process in accounting that deals with the disbursement of financial resources to various sectors within an organization for the purpose of increasing efficiency and maximizing on the profits and for that accounting is one of its most important components since it helps in providing reliable and relevant information regarding capital allocation in the various sectors within the organization.
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