Putting Financial Accounting Into an Economic Context

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Putting financial accounting into an economic context allows a business and its investors to make sound economic decisions about competitors and sales. Understand the financial stability of a business in relation to the current economy with information from an accounting professor in this free video on accounting.

Part of the Video Series: Accounting Careers & Information
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Video Transcript

Hi my name is Shawn Jones, adjunct professor here at Argosy University. Today we're talking about how to put financial accounting into an economic perspective or analysis. In doing so the financial data that comes from a balance sheet, income statement, or statement of cash flows, can help a business it's managers, it's owners, it's investors be able to make sound economic decisions. It helps a business understand where it stands as far as it's other competitors within the industry. It can help a business or it's managers or owners understand it's supply chain, and the demand that is going on within a certain geographical area for which it's trying to sell it's products. Also, being able to help them understand the risk that is going on within the economy for being able to sell the products or services that they may have. For more information about this topic, please visit our website argosy.edu. There you can find our phone number or an address to come and visit our Salt Lake City campus.

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