Accounting is the stewardship (faithfulness in business) exercised in the day-to-day running of the business in order to know where the business is to put more effort (performance appraisal), this is usually on black and white (written document). Some businesses has wind-up because proper books of account where not adequately kept or the business did not set an accounting unit which will oversee the cash flows of their business. Businesses (either Small, Micro, Medium and Large scale businesses) ought to set up accounting unit (if possible get a professional consultant) and it must be standard at it best. On this note, what is accountability? (In ethics and governance) accountability is answerability, blameworthiness , liability , and the expectation of account-giving. ( As an aspect of governance) it has been central to discussions related to problems in the public sector , non-profit and private ( corporate )...
Be accountable ...be account informed.