Which of the following activities falls under the accounting process?

The accounting process involves a systematic method of handling financial information, and the activities associated with it include analyzing, recording, classifying, and summarizing financial data. These steps are essential for creating accurate financial statements and reports that provide insights into a company’s performance and stability.

Analyzing financial data allows businesses to interpret numbers and trends; recording is about documenting financial transactions accurately; classifying helps in organizing data into meaningful categories; and summarizing condenses the information into reports that stakeholders can easily understand. Each of these elements plays a crucial role in ensuring that financial information is reliable and useful for decision-making.

In contrast, marketing strategies, product development, and human resource management pertain to different functional areas of a business and do not specifically involve the processing or handling of financial data as defined in the accounting process.