Join ExamsbookAnswer : 2. "analyzing and interpreting financial reports"
The accounting process involves all of the following except5
Q: The accounting process involves all of the following except
- 1identifying economic transactions that are relevant to the businessfalse
- 2analyzing and interpreting financial reportstrue
- 3communicating financial information to users by preparing financial reportsfalse
- 4recording nonquantifiable economic eventsfalse
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Answer : 2. "analyzing and interpreting financial reports"
Explanation :
Answer: B) analyzing and interpreting financial reports Explanation: The three steps in the accounting process are 1. Identification, 2. Recording, and 3. Communication. Hence, analyzing and interpreting financial reports is not involved in the accounting process.