Match the terms below with the descriptions in the list that follows: a. The recording of all
Question:
Match the terms below with the descriptions in the list that follows:
a. The recording of all business transactions in terms of money
b. A process by which information is exchanged between individuals through a common system of symbols, signs, or behavior
c. The process of identifying and assigning values to business transactions
d. Legislation ordering CEOs and CFOs to swear that any reports they file with the SEC are accurate and complete
e. An electronic tool for the rapid collection, organization, and communication of large amounts of information
f. Collectively, the people who have overall responsibility for operating a business and meeting its goals g. People who commit money to earn a financial return h. The interconnected subsystems that provide the information needed to run a business i. The most important body for developing and issuing rules on accounting practice, called Statements of Financial Accounting Standards j. An agency set up by Congress to protect the public by regulating the issuing, buying, and selling of stocks k. Economic events that affect a business’s financial position l. People to whom money is due
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