For which step of accounting process the accountants of business entity prepare financial statements
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Communicating monetary records in a prepared and simple to apprehend methods—such as using snapshots and graphs alternatively than a stock of numbers, and displaying traits to aid managers to visualize projections—can assist amplify credibility with board people (internally or externally) and improve assembly productivity. The most necessary use of accounting information is to speak significant information, allowing management to make exact decisions.
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Answer: communication financial information
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