Communication of economic events is the part of the accounting process that involves

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Communication of economic events refers to the preparation of accounting reports that inform users of financial information about the company's transactions and financial position. This process involves interpreting and summarizing the recorded and classified information in financial statements and other reports. Identifying economic events, quantifying transactions, and recording and classifying information are all necessary steps in the accounting process, but they are not part of communication.

Communication of Economic Events Is the Part of the Accounting