The Importance of Financial Information
Financial information is an important tool that helps an entrepreneur to gather data about other business segments such as marketing, distribution, manufacturing and management. Therefore, it is the role of the financial information to consolidate and quantify all the historical information concerning the entrepreneurial operations. For the financial information to be beneficial to the business, the entrepreneur needs to have a proper knowledge on how the data related to the information was gathered and analyzed. Improper analysis of the financial information as a result of misinterpretation of data can be fatal to the performance of the business as it ...