The correct answer is option 'C) Communication of information'. In the accounting process, the last step involves communicating the financial information to the relevant parties. Let's delve into the details of this step:

Communication of Information:
This step involves sharing the financial information, which has been recorded, analyzed, and processed, with the intended users or stakeholders. The primary purpose of communication is to provide meaningful and reliable information to users, enabling them to make informed decisions. The communication of financial information can take various forms, such as financial statements, reports, presentations, or even discussions.

Importance of Communication:
Effective communication is crucial in accounting as it ensures that the financial information is understood by the users. It allows stakeholders to interpret the data accurately, facilitating decision-making, and providing insights into the financial health and performance of an entity. Without proper communication, the recorded and analyzed information would remain meaningless and inaccessible to those who need it.

Methods of Communication:
1. Financial Statements: The most common method of communicating financial information is through financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in equity. These statements provide a summary of an organization's financial activities and its overall financial position.

2. Reports: In addition to financial statements, various reports are prepared to communicate specific financial information to different stakeholders. These reports may include budgetary reports, management reports, cost reports, and performance reports, among others. Each report is tailored to the needs of the intended users.

3. Presentations: Financial information can be communicated through presentations, where key financial data is summarized and explained using visual aids like charts, graphs, and tables. Presentations can be made to shareholders, investors, board members, or management teams to provide an overview of the organization's financial performance.

4. Discussions: Communication can also occur through discussions and meetings, where financial information is presented and explained in a more interactive manner. This allows for questions, clarifications, and deeper understanding of the financial data. Discussions can take place in board meetings, management meetings, or investor conferences.

Conclusion:
The communication of financial information is the final step in the accounting process. It involves presenting the recorded and analyzed data to the relevant stakeholders through financial statements, reports, presentations, or discussions. Effective communication ensures that users understand the financial information and can make informed decisions based on it.