Article on “the Importance of financial statement results for business management solutions”.
To understand the concepts, I read an article on “the Importance of financial statement results for business management solutions.” Danguolė, Petrošienė, and Aušra (2017) have stated that every company records the economic transactions that happened in a financial year. The accounting department summarizes the transactions and calculates the performance results. These results are presented to the right stakeholders. The accountants analyze the financial statement s and submit it to the stakeholders. The top management relies on these analyzed financial statements to make sound business decisions.