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27 September, 00:44

which of the following terms refers to the comprehensive system for collecting analyzing and communication financial information

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  1. 27 September, 04:09
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    Accounting

    Explanation:

    Accounting is a vital part of every business, and it is related to proper collecting, analyzing, managing and communicating financial information. Being such an essential part of businesses, it is always defined and regulated by appropriate entities (state agencies and other regulators).

    Accounting is done by an accountant or a bookkeeper, who is the person in charge of generating the needed reports and summarizing the financial data in the proposed manner.
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