Objectives of Accounting

Objectives of Accounting and Accounting Concepts, Conventions, and Principles

Accounting is the backbone of any business, big or small. Itโ€™s not just about numbersโ€”it’s about understanding what those numbers …

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Objectives of Accounting

Objectives of Accounting and Accounting Concepts, Conventions, and Principles

Accounting is the backbone of any business, big or small. Itโ€™s not just about numbersโ€”it’s about understanding what those numbers mean and how they impact a companyโ€™s future. To get …

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Henry Fayol

Management “To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control.”  Planning,  โ€œThe plan of action is, at one and the same time the result envisaged, the line of action to be followed …

Harold Koontz & Cyril Oโ€™ Donnell

Management “Management is the art of getting things done through and with people in formally organised groups.” Directing  โ€œDirection is the interpersonal aspect of managing by which subordinates are led to understand and contribute effectively and efficiently to the attainment …

Edward Francis Leopold Brech

Management  “Management is concerned with seeing that the job gets done -its tasks put emphasis on planning and guiding the operations that are going on in the enterprise.” Controlling  โ€œControl, checking current performance against predetermined standard contained in the plans …

Stewart (1967)

Management   โ€œSomeone who get things done with the aid of other people.โ€

Mary Parker Follett (1941)

Management   โ€œGetting things done by other people.โ€ Coordination “The first test of a business administration should be whether you have a business with all its parts so coordinated, so moving together in their closely knit and adjusting activities, so linking, …

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