Problem:
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