Why is cash flow analysis important more important

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As a potential investor in a firm or perhaps the buyer of a particular 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?

Why must accounting reports be prepared according to specific procedures (GAAP)? Would it be a good idea to allow business some flexibility or creativity in preparing financial statements? Why or why not?

Why is cash flow analysis important more important to small and medium-sized businesses than to large multinational companies?

Why is it important for not-for-profit organization to have top managers that have strong finance and accounting skills?

Go to the website of the American Institute of Certified Public Accountants (aicpa.org) and find the requirements for becoming a certified public account (CPA)?

Reference no: EM133181832

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