Overview of Accounting Free Essay, Term Paper and Book Report
Introduction
The opportunity to present information to small business owners with no accounting or finance knowledge certainly presents a challenge but one worth tackling. If business owners do not establish control over their businesss finances, they may find themselves out of business (Wells, 2004). Successful business owners must constantly evaluate the performance of his or her company.
Business owners face tough decisions on a daily basis; and, the best way to make informed business decisions is by analyzing the companys financial statements. Three of the most important financial statements business owners need to maintain are the income statement, balance sheet and statement of cash flows. These statements are like a compass to economic success and can guide the business owner through the business jungle. The purpose of this paper is to identify the audiences, purposes and natures of financial statements and managerial reports. In addition to this, the scope of the paper will explain the use of financial accounting information in making informed and ethical business decis......
Word Count: 1281
Page Count: 5.1 (250 words a page / double spaced)
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