Please kindly answer the three questions below;  You are the CEO of your own IT Company. Based on the cost concepts that we have discussed, identify at least three (3) costs being used and provide possible solutions how to control these costs.    Being in an IT Field, you know the importance of optimizing your processes to see growth through efficiency. How can financial statement analysis contribute?    Accounting is the language of business. Using this context, discuss the importance of financial statement to businesses.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter1: Role Of Accounting In Society
Section: Chapter Questions
Problem 8Q: Use the internet to research one manufacturing, one retail (or merchandising), and one service...
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Please kindly answer the three questions below; 

  • You are the CEO of your own IT Company. Based on the cost concepts that we have discussed, identify at least three (3) costs being used and provide possible solutions how to control these costs. 

 

  • Being in an IT Field, you know the importance of optimizing your processes to see growth through efficiency. How can financial statement analysis contribute? 

 

  • Accounting is the language of business. Using this context, discuss the importance of financial statement to businesses. 
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