Most small business owners have basic financial information on their financial statements so learn basic accounting principles and gain a basic understanding of how to prepare and read financial statements also understand the importance of generating and analyzing financial statements and see what investors look for in your statements in . Financial statements are the report card of a business whether you are a new investor a small business owner an executive or just trying to keep track of your personal finances you need to understand how to read analyze and create financial statements so you can get a full and accurate understanding of your financesfinancial statements will tell you how much money the operation has . The objective of accounting is to provide information to users for decision making but who exactly are these users of financial statements what information do they need the users of accounting information include the owners and investors management suppliers lenders employees customers the government and the general public. How does financial accounting help decision making the accounting data is recorded on a series of financial statements without the information provided by financial accounting investors . Financial statements provide various financial information that investors and creditors use to evaluate a companys financial performance for any business and for the people who run it the importance of accurate financial statements cannot be underestimated
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