Fin 320 project two business – disney (dis) due 5/15/21 by 17:00est | Principle of Finance | Southern New Hampshire University
Financial statements are important to a business because they provide critical information about the financial performance of the company. Financial statements help businesses determine their current financial health by providing insight into their income and expenses, cash flow, assets, liabilities, and capital investments.
The information contained in these reports helps managers analyze how well operations are performing, see where money is being spent or earned, assess potential customers’ credit risk profiles, and make informed decisions about expanding or downsizing the business. By using financial statements as a guide for decision-making processes such as budgeting and setting goals for future growth, businesses can plan for success without sacrificing valuable resources.