Question

The accounting and finance department performs processes such as creating financial statements, paying accounts payables, and collecting accounts receivables. What form of processes do these represent?
Business-facing processes
Customer-facing processes
Industry-specific customer-facing processes
All of these

Answer 1

Answer:

Business-facing processes

Explanation:

As we know that preparation of the financial statements is necessary for all the types of the organization whether small or large, private or public company, etc.  

The preparation of the financial statement is done by the accounting and finance department of the organization.  

The functions like creating financial statements, paying accounts payable, and collecting accounts receivables are done by business organizations so that no problem will exist in the future.  

Such types of business organization are called legal organization who are conducting their business activities in an ethically manner