Which of the following is the most appropriate definition of accounting?

A) the information system that identifies, records, and communicates the economic events of an organization to interested users
B) a means of collecting information
C) the interconnected network of subsystems necessary to operate a business
D) electronic collection, organization, and communication of vast amounts of information

Economic Events

Financial transactions or occurrences that affect a company's financial position, such as sales transactions, debt acquisitions, investments, etc.

Information System

A coordinated network of components designed to collect, process, store, and disseminate information to support decision-making, coordination, control, analysis, and visualization in an organization.

Interested Users

Individuals or entities with a vested interest in the financial and operational performance of a company, such as shareholders, creditors, and regulatory agencies.