Question Description

Some individuals argue that accountants should focus on producingfinancial statements and leave the design and production of managerial reportsto information systems specialists. What are the advantages and disadvantagesof following this advice? To what extent should accountants be involved inproducing reports that include more than just financial measures ofperformance? Why?

Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?