What is the function of traditional accounting?

The basic function of accounting is to inspect and supervise economic activities.

The role of accounting in economic management. The basic function of accounting is to inspect and supervise economic activities. The accounting function of accounting is to collect, process, store and transmit all kinds of accounting information for economic management. Accounting supervision refers to evaluating the rationality, legality and effectiveness of objective economic activities through adjustment, guidance and control, and taking measures to exert certain influence to achieve the expected goals. The traditional accounting supervision is mainly afterwards accounting supervision. With the improvement of management requirements, the accounting and supervision functions of accounting have been extended to the pre-event field. Accounting supervision is closely related to accounting. The process of accounting for economic activities is also the process of implementing accounting supervision. There is a view that the basic function of accounting should be reflection and control, and accounting reflection and accounting control can better reflect the functions of modern accounting in economic management.