Which of the following is the process of systematically collecting, analyzing, and reporting financial information?
A) accounting
B) bookkeeping
C) auditing
D) financial reporting

Question

Quizplus · Accepted Answer

Accounting involves not only bookkeeping (recording financial transactions), but also analyzing and interpreting financial information to make informed business decisions. Auditing is a separate process of reviewing financial information to ensure its accuracy and compliance with accounting standards. Financial reporting involves presenting financial information in a clear and understandable format for stakeholders.

Which of the Following Is the Process of Systematically Collecting