Question

 Explain why are your financial statements, managerial accounting conclusions and reports important. Sell every potential investor with substantiated data from your workbook tabs.

Answer 1

Financial statements are the showcase of any business/organisation that shows the workings and present condition of the business. Financial statements plays a very important role in attracting investors from outside.
Along with the financial statements there are the other statements and working papers of the organisation which are also very important. Managerial accounting conclusions and reports shows the financial condition on business and creates a working scenario according to which the business can further grow.

Managerial accounting conclusion shows the internal working of the organisation and provides a brief information about the cash flows.

The business is required to manage all the above mentioned statements and reports as anybody from outside of the business always tends to believe on such statements and reports.