Describe a process used for collating, coding, and classifying accounts data in process preparation.

My Answer but response has to be longer

Data classification is the process of organizingdatainto categories that make it is easy to retrieve, sort and store for future use.

This can be of particular importance forrisk management,legal discovery andcompliance

a data-classification scheme has been created, security standards that specify appropriate handling practices for each category and storage standards that define thedata's life cyclerequirements need to be addressed.