Management uses accounting information to reflect on the performance of a business to help make better decisions in the future. Investors use financial information to make informed decisions about the economic transactions of an organization.

Discuss the following for this assignment:

For you, what are some reasons why managers should have a general understanding of accounting?

Read through your peers$$ posts, and when you respond to them, consider the following:

You can provide some additional ways that managers can use the accounting information of an organization.