Choice "B" is correct. Governmental (and not-for-profit) organization reporting is designed to demonstrate the accountability of each organization for the stewardship of the resources in their care. Governments do not measure net income or increase in wealth as businesses do, but are focused on providing efficient and effective delivery of services with public resources. Both operational and fiscal accountability are important to the financial reporting.Choices "c", "a", and "d" are incorrect. These three objectives, along with timeliness, are secondary to the objective of accountability.
