This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
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....
View Full Document
- Spring '10
- Income Statement, Accounting Department