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Before making any major business decisions, why is it important to understand the impact of the decisions on the firm's financial statements?
Finance plays an important role when making any crucial decisions for the company. Important decisions are made only after considering its impact on the company's financial statements.
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- Which of the following company kinds need financial information in order to function efficiently?What is the importance of financial information in achieving the firm's financial goals and objectives?What are the impact of eXtensible Business Reporting Language on entities, accountants and investors in the business environment and the capital market?
- What role does financial analysis play in a company? Examine a few case studies in detail.Analyze the impact of external factors (i.e., external to the company) on a company’s financial position. ???Competition. Social. Legal. Economic. Political. Ect??? (any additional external factiors welcome as well)Who are the primary users of a company's management accounting information? A its customers to understand the pricing of the product. B its creditors to understand the credibility of the business. C its employees to plan and control operations. D its investors to make their investment decisions.
- How to use the reformulation of financial statements to discuss the firm’s strategy for running the business and generating earnings？If an outside investor decides to invest in a company, which financial statement is more essential, the Balance Sheet or the Income Statement? Explain why you made the decision you did.What variables should accountants take into account while developing a company's PPE accounting policy?
- importance of using financial management for business decisions,What is financial reporting and why it is important for business organisation?What is the purpose of financial accounting in business, and how does it differ from managerial accounting? What are the different types of financial statements that businesses prepare, and what information do they convey to different stakeholders?.