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Overview of Accounting Paper
3/3/08
University of Phoenix

Overview of Accounting Paper
Accounting is sometimes said to be the language of finance because it provides financial data through income statements, balance sheets, and the statement of cash flows (Block & Hirt, 2005). The purpose of this paper is to provide basic information on accounting and finance to the small business owner. By providing the small business owner with the basics of finance and accounting, enables the company to understand the relationships between these fields and apply the concepts to their own company. The field of finance is closely related to economics and accounting, and financial managers need to understand the relationships between these fields (block & Hirt, 2005). Economics provides a structure for decision making in such areas as risk analysis, pricing theory through supply and demand relationships, comparative return analysis, and many other important areas. This paper will identify......

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Approximate Word Count: 1039
Approximate Pages: 5 (250 words per double-spaced page)

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