Accounting Discussion Questions- Wk 7

Each DQ 150- words +. Cite work with reference. Post answer an attachment 

 Â·         What do you think is the major purpose of financial statements? Why? Explain what type of information can be derived from financial statements. List references if you use a source other than the text.

 Â·         Why is budgeting so important? What are the appropriate uses of a budget? How can budgets be mismanaged or misunderstood? What are some criteria you would use to choose between a fixed and a flexible budget? Explain your answers.