Answer: The correct answer is "meet the information needs of a company's managers and other users of its financial statements".
Explanation: The chart of accounts is a list that presents the accounts necessary to record the accounting facts. It is a systematic arrangement of all accounts that are part of an accounting system, in short, provides a basic structure for the organization of the accounting system, so it appears as a means to obtain information in a simple way.
The chart of accounts is designed to meet the information needs of a company's managers and other users of its financial statements.
