Business owners use accounting information to set goals,evaluate progress toward those goals,and make adjustments when needed.

Question

Quizplus · Accepted Answer

Accounting information provides business owners with important data necessary to make informed decisions about their company's finances. By analyzing financial statements, budget reports, and other accounting documents, business owners can gain insight into their current financial status and determine whether they are on track to meet their goals. This information allows them to make informed decisions about how to allocate resources, such as investing in new capital equipment or expanding their business operations. In this way, accounting information plays a vital role in helping business owners plan for the future and make adjustments when necessary to ensure continued growth and success.

Business Owners Use Accounting Information to Set Goals,evaluate Progress Toward