NAME:

AE14

“Accounting is the 1.__________________, 2___________, and communicating

economic information to permit informed judgments and decisions by 3._______
of the information.”

THREE IMPORTANT ACTIVITIES INCLUDED IN THE DEFINITION OF ACCOUNTING:

4
5
6

TYPES OF EVENTS OR TRANSACTIONS

7
8

COMMUNICATING PROCESS OF ACCOUNTING INVOLVES THREE ASPECTS:

9
10
11

TYPES OF INFORMATION PROVIDED BY ACCOUNTING

12
13
14

EXAMPLES OF ACCOUNTING CONCEPTS:

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22