The process of explaining the meaning significance and relationship between two financial factors is...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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The process of explaining the meaning, significance and relationship between two financial factors is called …

Summarisation

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Interpretation

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Explanation:

Accounting interpretation is a statement clarifying how accounting standards should be applied. Accounting interpretations are issued by accounting standards groups, such as the Financial Accounting Standards Board (FASB), American Institute of CPAs (AICPA) or International Accounting Standards Board (IASB).