What is the difference between recording and communicating in accounting?

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Recording involves interpreting the financial data for a company, whereas communicating involves analyzing that data in terms of its importance.

Communicating involves interpreting the financial data for a company, whereas recording involves analyzing that data in terms of its importance.

Communicating involves logging and keeping track of financial information, whereas recording involves analyzing this information to demonstrate its importance.

Recording is a systematic, chronological diary of events, whereas communicating involves analyzing this information to demonstrate its importance.