Included in the … From the illustration presented, and for a straightforward answer, it is clear that the ultimate purpose of accounting is to provide information to different users. Professor Potter asks. The purpose of the accounting department of … The main objectives of accounting are: RECORDING TRANSACTIONS. The accounting department may be assigned other functions as well, but this list gives you a pretty clear idea of the back-office functions that the accounting department performs. Purpose of Accounting 'Now that you know what ALOE is in accounting, let's talk about the entire purpose of accounting. The primary role of accounting … Quite literally, a business could not operate if the accounting department … 1. Accounting is often referred to as “Language of Business”. It can actually be depicted from some definitions made by accounting … Can anyone guess what the main purpose of accounting is?' It is a means of communicating financial information to different users for decision making. The users utilize the information in making economic decisions. The Purpose of Accounting. Accounting, for academic interest, can be defined as the task of systematically recording, reporting, and archiving all the financial information of the business. Treasury management: accounting and finance department sets up treasury management policy to be adopted by all who come in contact with cash or cash equivalent.