S: croecon... .com unt Dash .com ount Dash.. e.com t Identify which of the following statements is correct as to why accounting is important. O Accounting information identifies, records and communicates information about a business. We live in an information age whereby accounting information impacts everyone. Accounting information summarizes or conveys information about an organization's business activities. Accounting information is based on stock market valuations which are current and reliable. count Dash