Appreciate the valuable role accountant plays

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Reference no: EM131346646

These are leading questions. The right answers are strongly implied by the way these questions are written, for each of the question rewrite the question to encourage critical thinking and then answer it.

1) In business, hundreds of documents are received or created every day, so you can appreciate the valuable role an accountant plays. Can you see why most businesses hire people to do this work? Would it be worth the owner's time to do all the paperwork? Can you understand why most accountants find it easier to do this work on a computer?

2) As a potential investor in a firm or perhaps the buyer of a business, would it be advisable for you to evaluate the company's financial statements? Why or why not? What key information would you seek from a firm's financial statements?

3) What value do financial ratios offer investors in reviewing the financial performance of a company? Why is it important to remember financial ratios can differ from industry to industry?

Reference no: EM131346646

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