Nalyzing the Strategic Management Involved in Financial Statements as Well as the Financial Statement themselves

Analyzing the Strategic Management Involved in Financial Statements as Well as the Financial Statement themselves.( You can revise the title, something more professional& you get my point though)


I would like a 5 page essay in which expresses the importance of acknowledging the strategic management involved in creating financial statement. Financial statements are not just the scorekeeping. It is important for anyone who reviews the financial statements, such as board members, stockholders, ect& to fully understand the strategic management involved in the presentation itself as well as what strategies was taken within the year to reach these results.

The following needs to be clarified within the essay:

· The difference of cash accounting versus accrual accounting& Acknowledging & knowing the difference. Explain how each method effect the
· The difference between forecasting & budgeting and the purpose & importance of both.
· Knowing when the fiscal year ends within the companies& ( Not all companies are the same). Express the strategy that goes in of having fiscal year ending in September instead of December ( give a car dealership example)
· Actually understanding the importance of the Cash Flow Statement, Balance Sheet & Income Statement. ( Describe these entities and what their impact is in the Financial Statements & and the importance of actually understanding what they are and what they display.)


Conclude about being aware of the strategies of the above either if you are creating or reviewing the financial statements& . There are strategies in which take place within each statement & method. It is critical to fully understand the strategies and impact they have on the bottom line& . There is actually strategy occurring and not just scorekeeping in the # s