Match the terms with the definitions. Clear All A system of gathering financial information about a business and reporting this information to users. recording Telling the results of the financial information. tax accounting. Focusing on tax planning, preparing tax returns, and dealing with the Internal Revenue Service and other governmental agencies. Entering financial information about events affecting the company into the accounting system. accounting classifying Sorting and grouping similar items together rather than merely keeping a simple, diary- like record of numerous events, reporting.