How accurate should accounting be to be called "accurate"

1) accounting principles will have an impact on it. Accounting statements come from accounting, and the accounting basis is accounting standards and accounting system. Accounting standards are based on accounting principles. There are many uncertain concepts in accounting principles, such as basic accounting assumptions, accounting estimates, balance sheet view PK income statement, accrual basis PK cash basis and so on.

2) Accounting-related employees have different opinions (excluding subjective reasons), different opinions, different rules, different accounting results and different statements; Different finances, different professional levels and different angles have different accounting estimates and different accounting rules, so the prepared statements are naturally different; Different ERP systems, different logic and accounting accuracy, different degree of conformity with the enterprise itself, and different reports; ? Different accountants, different professional judgments and different risk-taking abilities have different results in the application of accounting rules, and the adjusted statements are also different. If it is a consolidated statement, the more levels of consolidation, the last level may still be quite different from reality. O(∩_∩)O~ 100 Accounting personnel will prepare1kloc-0/accounting statements, which is no joke.

3) Before the impact of economic development, I have heard about the online sharing of related forums about "internet plus" organized by Vision. In fact, I also think that under the background of different economic environment, it will also have an impact on accounting theory itself, and some things may need constant innovation ...?

2. How accurate is it? ?

The accuracy of accounting results, that is to say, the accuracy of financial related information is very important for report users, and can even affect the life and death of enterprises. Then, due to the limitation of rules, ERP system and the limited level and understanding of accounting practitioners, even if the quoted figures are accurate to two decimal places, the accounting may not be so accurate. ?

Different subjects may have different requirements for the accuracy of accounting information: for example, monetary funds and how much money the enterprise has, which may be very accurate and must be very accurate. If you don't know how much money you have in your pocket, just ......

Sometimes the accuracy of cost accounting is not so accurate, no matter whether 100% accuracy is needed or not, sometimes it is difficult even if you want to, and maybe 90% accuracy is acceptable. At different stages of an enterprise, the accuracy of accounting information may be different. ?

The accuracy of accounting information in infancy, growth, maturity, recession and liquidation of enterprises is also different. Sometimes to achieve accurate accounting, it is necessary to pay costs, labor costs, training costs, system construction costs ... The benefits brought by accounting may not be so obvious. In the long run, accurate or accurate accounting is certainly beneficial to enterprises, but based on the principle of cost-effectiveness, some may need reasonable layout and planning.