Accountability

…
[Accounting Functions]
The functions of accounting vary depending on the purpose and tasks given to accounting and the nature of the entity performing accounting, but generally include the following: (1) Fulfillment of accountability For example, in the case of a corporation and its shareholders or creditors, the company is responsible for the funds invested or loaned by shareholders or creditors, for the proper allocation and effective use of these funds for business purposes, as well as for managing and preserving them, and for reporting the results and status to shareholders, etc., and for being released from such responsibility when approval is obtained. The reporting of results and status is carried out by the company, which is the accounting entity, by carrying out accounting. …

*Some explanations of terms that mention "accountability" are listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…
［会計の職能］
　会計の職能は会計に与えられた目的や任務，会計の行われる主体の性格などによって相違するが，一般的には次のものをあげることができる。(1)会計責任accountabilityの遂行　たとえば株式会社と株主や債権者との間にみられるように，会社は，株主や債権者から投資または融資された資金に対して，これを経営目的のために適正配分し，有効に利用するとともに，管理保全して，その結果や状況を株主等に報告し，承認を得ることによって解除される会計責任を負う。結果や状況の報告は，会計主体たる会社が会計を実施することによって行われる。…

※「accountability」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報