Accounting is an information system that identifies, records, and communicates the economic events of an...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. Accounting systems focus on business transactions economic events that have an impact on one or more component of the accounting formula. Many other events take place that can significantly impact a business, even if they do not directly impact the accounting formula. Is accountings focus on economic transactions a strength or a weakness?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
