Information function of accounting
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The study is devoted to one of accounting functions, that is the information function. The main function as well as detailed functions were elaborated. The classification of financial and non-financial information in the accounting system was indicated. Then, the author attempted at locating financial and non-financial information in one report on the activities of a business entity. The study proves that, thanks to the information function, accounting is a comprehensive source of financial information and provides non-financial information on entity’s activities, thus satisfying information needs of many stakeholders. The fundamental thesis of the study is expressed in the statement that “a well-designed information system of accounting ensures access to financial and non-financial data useful to many groups of stakeholders and positively contributes to achieving goals by a given business entity”.
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