Perhaps the luck or even the entrepreneurial profile and do a good feeling about the company can survive for some period without this information, but long term this lack of basic knowledge for decision making can take that entity to become a more If the mortality statistics of MSCs.
There is a metaphor about the importance of accounting as a management tool that compares a company without accounting for a boat lost in the ocean without a compass. I do not know who was the author of this translation, even for already having it read in several articles and books by different authors, but whoever was lucky enough to make that comparison. After all, the market is indeed an ocean (and quite stormy tell by the way) and the company will never know what direction to go without the “compass” of accounting information. Read More