Abstract This paper is an informational presentation to a group of small business owners with no accounting or financial knowledge. Its two main focuses� are: A. Identify the audiences, purposes, and natures of financial statements and managerial reports. B. Explain the use of financial accounting information in making informed and ethical business decisions. Table of Contents Introduction��..�4 Identification of the audience and purpose��..��4 Nature of financial statements and managerial reports.��...�5 Use of financial accounting information to make informed and ethical business decisions��...8 Conclusion��...9 Introduction People need to realize that accounting is everywhere, in every aspect of life. From making entries into the ledger of a checkbook to filling and filing tax forms. Accounting is one of the only two things we have to do as humans as......

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