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Unformatted text preview: of time. A cash flow statement confirms how cash moves in and out of a business. Without this information a company's management would have great difficulty knowing what are the best actions to take. For example, if a restaurant did not have an income statement, it would be difficult to know what menu items are the most profitable. Accounting plays a huge role in business operations by giving the business a guide to its financial/business decisions. And as a result, a business is absolutely dependent on the direction that an accounting department provides. Any business without this kind of direction will not be around for long....
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This note was uploaded on 10/17/2011 for the course ACC 220 220 taught by Professor Aliciahubbard during the Spring '10 term at University of Phoenix.
- Spring '10