1)Why is it important for an accountant to understand their business and industry as well as...

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Accounting

1)Why is it important for an accountant to understand theirbusiness and industry as well as managements informational needs inaddition to knowing how to generate financial statements?
Note: You may use S&S as the context while answering thisquestion. However, please present your own examples.
2) You are likely using various forms of social media (e.g.,Twitter, Facebook). Please explore the idea of how would thisnon-financial information external to the company be of use? Whatother nonfinancial information would be useful? Could you think offinancial information that is external to the organization thatmight be useful to management as well?
please help me out!

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solution 1 Information is dealt with data immaterial data cant be named as InformationIn a comparable course Collection of data cant be named as information correspondingly assembling of information isnt learning Information is the need of extraordinary significance in every business Every business can overcome any inconvenience if it has the appropriate information already hand with themIn the accounting business the comparable can apply in various zones for example if the utilization is a pay use or a capital utilize the clerk can turn out severely by endorsing the expenses rather than promising it as the salary use or the See Answer

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