Now that you have some acquaintance with financial statements, prepare 34 paragraphs to discuss your views on financial statements and their usefulness in managing a division or a business. Include in your discussion:

• What else would you like to see in the financial statements?
• What kind of information do you think you may, as a manager, request from an accountant because you cannot find it on the financial statements?
• How might you use the information from financial statements to talk with an investor or a banker?