Hey! I heard you're starting your own business in Hawaii. That's great! I$\text{'}$m sure you're busy beginning your business, but I have a quick question for you. What makes up the accounting cycle, and why is it important?

Hey! I$\text{'}$m loving Hawaii. The accounting cycle consists of five major steps: analyzing, recording, classifying, summarizing, and reporting. It allows accountants to keep an accurate record of business transactions.

Hi$!$ Hawaii is a lot of fun. The accounting cycle includes three steps: analysis, bookkeeping, and evaluation. The cycle is important because it provides accountants with specific criteria to follow when accounting.

Hi$!$ Hawaii is too stormy for me$,$ but I can't change the weather. Accounting is a fancy word for finances. Accounting is how you create a budget for your business, but you don't need to worry about a cycle to follow.