Accounting Information

Accounting information is essential for the decision-making process.” Using academic peer-reviewed sources, you are required to:(a) Explain the concept of Accounting Information. Describe and discuss the importance of the information conveyed by the three major financial statements.(b) Discuss the characteristics and importance of Accounting Information for the decision-making process of different company’s stakeholders.students can demonstrate their learning by:Explaining the concept of accounting information and address the role played by the 3 major financial statements inproviding a framework for decision making.Discussing the qualitative characteristics of Accounting Information and highlight its importance for the decision-makingprocess of the different company’s stakeholdersAccessing reference materials and referencing information they have learned about to an appropriate source.Using written language that is clear, accurate and appropriate to the task.You MUST only use secondary sources of data for this assignment (i.e. information that is already in the public domain such as textbooks, newspaper articles, Annual Reports company websites, journal articles etc.).Please use credible resources