We are here left along with statement (d) that defines an accountant as a professional and emphasize his pre-occupation within management of information for internal utilization as management accounting function and for external utilization as financial accounting function. We are positive; our discussion of accounting like an information system has made it simpler for you to comprehend this responsibility of the accountant. We may explain that information management is not necessarily linked with sophisticated or high tech regions of computers. Undersized firms may 'manage' information without a substantial degree of mechanization or automation. Frequently the role of accounting in small business is not correctly recognized. It is widely identified that a large number of small businesses fail and do not survive beyond some years. One of the main purposes for their failure is that they don't have an adequate information system to assist their managers  to  control  costs,  to  forecast  cash  requirements  and  to  plan  for  growth. Organizations that have poor accounting system frequently find this considerably complicated to obtain finance from banks and outside investors.