"The goal of financial management is to take actions which maximize the value of a firm's stock.Those actions will eventually appear in the firm's financial statement, so a general understanding of financial statements is very important for the manager."

Given the recent failure of many financial institutions, do you believe business leaders really understand and use all of the concepts and principles we teach in accounting, finance, and economics?In addition, do you believe financial managers are truly concerned about maximizing the value of a firm's stock?Why or why not?