Define: Information

UK Accounting Glossary

Definition: Information


Quick Summary of Information


Data that is: Timely and accurate, specific and organised for a purpose, presented within a context that gives it meaning and relevance, and can lead to an increase in understanding and decrease in uncertainty. Information is valuable because it can affect behaviour, a decision, or an outcome. For example, if a manager is told his/her




What is the dictionary definition of Information?

Dictionary Definition


1. Things that are or can be known about a given topic; communicable knowledge of something.
2. The act of informing or imparting knowledge; notification.
3. legal A statement of criminal activity brought before a judge or magistrate; in the UK, used to inform a magistrate of an offence and request a warrant; in the US, an accusation brought before a judge without a grand jury indictment.


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Full Definition of Information


Data that is:

  1. Timely and accurate,
  2. specific and organised for a purpose,
  3. presented within a context that gives it meaning and relevance, and
  4. can lead to an increase in understanding and decrease in uncertainty.

Information is valuable because it can affect behaviour, a decision, or an outcome.

For example, if a manager is told his/her company’s net profit decreased in the past month, he/she may use this information as a reason to cut financial spending for the next month.

A piece of information is considered valueless if, after receiving it, things remain unchanged. For a technical definition of information see information theory.


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Examples of Information in a sentence


The university imparts information, but it imparts it imaginatively.
He passed on any interesting snippets of information he could glean from his colleagues.
The manager of the local supermarket had one of his busiest days ever earlier this week, because the system was down, leaving him the responsibility of recording sales information.


Information FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/information/
Modern Language Association (MLA):
Information. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/information/.
Chicago Manual of Style (CMS):
Information. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/information/ (accessed: November 22, 2019).
American Psychological Association (APA):
Information. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/information/

Definition Sources


Definitions for Information are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th September 2019.