Accounting software provides a great deal of information that is quickly available. Considering the primary financial statements (income statement, balance sheet, statement of cash flows), discuss their importance as management tools.

Research examples ofhow leaders of business use financial statements to influence their decision making process. Provide a summary of your researchincluding specific findings related to the research topicand any conclusions you have about it.

Be sure to cite your source(s) in APA format.

Your initial post must be 150 words in length.

From Instructor

Every business depends on financial statements to make informed decisions about the business. This is where accounting software helps greatly because it keeps everything organized for you and then you can easily run financial reports. If your accounting is not organized, then you cannot produce financial statements, which means that you cannot plan strategically in your business. What are some ways that everyone in the class has used financial statements in their professional life? If you haven't used financials yet, then how will you use them in the future to make decisions?