What is the importance of Accounting in business?

Instructions

Please discuss what you believe to be your top three reasons that accounting in business is important. To be fair, there are MANY reasons, but pick the three that you believe to be the most impactful in the buisness world. You may use your text or the internet for ideas. You don't need to write a lengthy paper but make sure you include all the relevant information. Do not copy and paste.

Completion Criteria

You must have an original post and you must reply to the post of at least one classmate. Please offer comments in a constructive manner. Your comments must be substantive. I will not accept comments such as "I liked your post". That will result in $0$ points.