Why is the concept financial analysis and decision making the most important concept covered from the list below: 

$1.$ The Accounting Cycle $($including issues in accounting$)$;

$2.$Accounting for Assets $($inventory$,$ receivables, capital assets$)$;

$3.$Types of business ownership $($partnerships and corporations$)$;

Explain why this is the BIG idea along with what impact it has on society?