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categorizing accounting tasks

Analyzing and interpreting information
classifying economic events
explaining uses, meaning, and limitations of data
keeping a systematic chronological diary of events
measuring events in dollars and cents
preparing acconting reports
reporting information in a standard format
summarizing economic events

accounting is an information system that identifies, records and communicates the economic events of an organization to interested users

Instructions:
Categorize the accounting tasks to either the identification (I) recording (R), or communication (C) aspects of accounting

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Categorizing accounting tasks

Analyzing and interpreting information
classifying economic events
explaining uses, meaning, and limitations of data
keeping a systematic chronological diary of events
measuring events in dollars and ...

Solution Summary

This solution is comprised of a detailed explanation to categorize the accounting tasks to either the identification (I) recording (R), or communication (C) aspects of accounting.

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