Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. It consists of three basic activities: identifying transactions, recording transactions, and communicating information. Accounting information helps both internal and external users make better financial decisions, with internal users involved in managing the organization and external users not involved in running the organization.

1. Definition Of
Accounting
Created by
Imam Mehedi Imon
Roll : 11
Dept. Name: Business Administration
Subject Name : Financial Accounting

2. Definition of
Accounting
Accounting is an information system that
identifies, records and communicates
economic events of an organization to it's
interested users. we noticed that
accounting consists of three basic
activities-
1. Identify
2. Record
3. Communication

3. User of
Accounting
Information:
Accounting information helps users
to make better Financial decisions.
User of financial Information may be
both Internal and External To the
Organization.

4. • Internal users
are involved in
managing and
operating the
organization.

5. • External Users of
Accounting
Information are
not involved In
running the
organization