Question

The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions.What is it?

Answer 1

The answer is, Accounting!

Step-by-step explanation:

Accounting is more like the Language of finance and wealth.

Accounting supports and promotes taking better informed and well managed decisions for the development of individual investors and the economy as a whole.

Proper accounting process is a vital part of a country's/company's/individual's accelerated and progressive development as good financial decisions eventually leads to higher returns and mitigated financial risk.