Discussion Post: Accounting
• Managers rely on financial ratio analysis when making decisions. What are the four key ratios? What information does each provide?
• What are the three types of accountants and the service each type of accountant provides? Who would be the user of each type?
• What are the generally accepted accounting principles (GAAPs)? Why do we need GAAPs? What is the purpose and goal for this practice? What is the challenge of using this practice?
• An important part of business is to plan ahead. Identify three planning tools used for forecasting and the information each provides.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.