Reading and researching Para.7,8, 9: Definition of accounting its role in the business world Definition(para. 7): Accounting is a system by Which economic information is identified ecorded, summarized and reported for the use of decision-makersReading and researching • Para. 7, 8, 9: Definition of accounting, its role in the business world • Definition (para. 7): Accounting is a system by which economic information is identified, recorded, summarized and reported for the use of decision-makers