About the tool

Why focus on “Accounting for Development ” ?

Accountancy is one of the key elements in capital markets and overall economic growth of a country.

The ultimate goal of accountancy and its provision of financial information is to enhance the economic decision-making of users; it functions to fairly and accurately illustrate the financial position and operations of an entity, provide information useful in investment and credit decisions, in assessing cash flows, and in assessing an entity’s resources.

Through the provision of this information and its impact on economic decision-making, accountancy enhances corporate governance, competition, the functioning of capital markets, trade, and anti-corruption efforts.